Pilgrim Corporation, a nationwide insurance chain, reported the following selected amounts in its financial statements for the year ended August 31, 2012 (adapted, in millions):

Requirement
1. Determine the following for Pilgrim Corporation during 2012. (Enter all amounts in millions.)
a. Collections from customers
b. Payments for inventory
c. Payments of operating expenses
d. Acquisitions of property and equipment; no sales were made during 2012
e. Long-term borrowing, assuming Pilgrim made no payments on long-termliabilities
f. Proceeds from issuance of common stock
g. Payment of cashdividends

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Income Statement 2012 2011 Net Sales Cost of Goods Sold Depreciation Expense Other Operating Expenses Income Tax Expense Net Income S24,859 $21,543 18,162 15,476 228 4,883 4,005 483 9941,351 288 532 Balance Sheet 2012 2011 Cash and Cash Equivalents Accounts Receivable Inventories Property and Equipment, Net Accounts Payable Accrued Liabilities Long-Term Liabilities Common Stock Retained Earnings S 14 S 12 760 2,888 3,480 4,345 3,879 1,610 1,427 581 470 615 4,198 4,683 845 500 675