Question: (Learning Objectives 3, 6: Computing cash-fl ow amounts) Tip Top, Inc., reported the following in its fi nancial statements for the year ended May 30,

(Learning Objectives 3, 6: Computing cash-fl ow amounts) Tip Top, Inc., reported the following in its fi nancial statements for the year ended May 30, 20X6 (in thousands):

❙ Requirement 1. Determine the following cash receipts and payments for Tip Top, Inc., during 20X6:

(Enter all amounts in thousands.)

a. Collections from customers

d. Payment of income tax

b. Payments for inventory

e. Proceeds from issuance of shares

c. Payments for other operating expenses

f. Payment of cash dividends

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