E16A-30 Computing cash flow items—direct method Superb Mobile Homes reported the following in its financial statements for the year ended December 31, 2015:

Requirements 1. Compute the collections from customers.
2. Compute payments for merchandise inventory.
3. Compute payments of operating expenses.
4. Compute the acquisitions of property and equipment (no sales of property during 2015).
5. Compute the amount of borrowing, with Superb paying no long-term liabilities.
6. Compute the cash receipt from issuance of common stock.
7. Compute the payment of cash dividends.

Income Statement 2015 2014 Net Sales $ 25,118 $ 21,115 Cost of Goods Sold 18,088 15,432 Depreciation Expense Other Operating Expenses Income Tax Expense 273 232 4,411 4,283 536 481 $ 1,810 687 Net Income Balance Sheet Cash $ 15 $ 13 Accounts Receivable 799 619 Merchandise Inventory 3,489 2,839 Property and Equipment, net 4,346 3,436 Accounts Payable 1,544 1,364 Accrued Liabilities 941 853 Long-term Liabilities 479 468 Common Stock 671 443 Retained Earnings 5,014 3,779