Pilgrim Canopies, Inc., reported the following selected amounts in its financial statements for the year ended December 31, 2016:

Requirement
Determine the following for Pilgrim Canopies, Inc., during 2016.
a. Collections from customers
b. Payments for inventory
c. Payments of other operating expenses
d. Acquisitions of property and equipment; no sales were made during 2016
e. Long-term borrowing, assuming Pilgrim Canopies, Inc., made no payments on long-term liabilities
f. Proceeds from issuance of common stock
g. Payment of cash dividends

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Income Statement 2016 2015 $346,300 $311,800 180,700 158,200 26,900 Net Sales. Cost of Goods Sold 23,200 Depreciation Expense. Other Operating Expenses. Income Tax Expense. 47,600 44,800 20,200 22,700 68,400 65,400 Net Income Balance Sheet 2016 2015 $ 17,800 $ 14,300 18,400 16,100 34,700 31,200 Cash and Cash Equivalents. Accounts Receivable. Inventories. Property and Equipment, Net. Accounts Payable. 288,600 245,300 16,200 10,700 150,000 122,000 102,000 80,600 14,900 Accrued Liabilities. 8,100 Long-Term Liabilities Common Stock. 86,000 75,900 Retained Earnings