Luxe, Inc., reported the following in its financial statements for the year ended May 31, 2018 (in thousands):

Requirement

1. Determine the following cash receipts and payments for Luxe during the fiscal year ended May 31, 2018 (enter all amounts in thousands):

a. Collections from customers

b. Payments for inventory

c. Payments for other operating expenses

d. Payment of income tax

e. Proceeds from issuance of common stock

f. Payment of cash dividends

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A1 A. 2018 2017 Income Statement 2 $ 24,623 $ 18,176 266 Net sales 3 21,555 15,497 229 Cost of sales 4 Depreciation Other operating expenses 5 3,888 534 1,759 $ 4,206 488 Income tax expense 7 Net income 9 Balance Sheet 1,135 Cash and cash equivalents 21 $ 10 18 Accounts receivable 11 599 606 Inventory 12 3,110 4,342 1,544 939 196 2,841 3,423 1,363 631 191 472 Property and equipment, net 13 Accounts payable 14 Accrued liabilities 15 Income tax payable 16 Long-term liabilities 17 480 518 Common stock 18 445 3,786 Retained earnings 19 4,395 20