Elite Mobile Homes reported the following in its financial statements for the year ended December 31, 2016:

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 2016).
5. Compute the amount of borrowing, with Elite paying no long-term liabilities.
6. Compute the cash receipt from issuance of common stock.
7. Compute the payment of cash dividends.

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2016 2015 Income Statement Net Sales Cost of Goods Sold Depreciation Expense Other Operating Expenses Income Tax Expense Net Income $24,691 18,015 273 4,427 533 S 1,443 $ 21,555 15,458 229 4,221 489 $ 1,158 Balance Sheet S 15 795 3,485 4,367 1,543 936 478 675 5,030 5 11 Accounts Receivable Merchandise Inventory Property and Equipment, net Accounts Payable Accrued Liabilities Long-term Liabilities Common Stock, no par Retained Earnings 2,833 3,457 1,358 847 463 3,800