From Clausius' theorem for a reversible process $C:$
$$\oint_C\frac{\delta Q_\text{rev}}{T}=0,\tag{1}$$
doesn't this imply that the differential $\delta Q_\text{rev}$ is exact? Or does $T$ serve the purpose of some integrating factor. I'm asking this because I ran into a description of entropy where, considering a closed, reversible process consisting of two sub processes $C_1$ and $C_2$ (each starting and ending at the same points on the $PV$-diagram):
$$\oint_{C_1}\frac{\delta Q_\text{rev}}{T}+\oint_{C_2}\frac{\delta Q_\text{rev}}{T}=\oint_{Q_1}^{Q_2}\frac{\delta Q_\text{rev}}{T}+\oint_{Q_2}^{Q_1}\frac{\delta Q_\text{rev}}{T}=0,\tag{2}$$
where $Q_1$ and $Q_2$ are respectively the heats corresponding to the initial and final points of the process. Wouldn't this be possible if and only if $Q$ is a state function in this case?