Trudeau?s Marine, Inc., reported the following selected amounts in its financial statements for the year ended December 31, 2018:

Requirement

Determine the following for Trudeau?s Marine, Inc., during 2018:

a. Collections from customers

b. Payments for inventory

c. Payments of other operating expenses

d. Acquisitions of property and equipment; no sales were made during 2018

e. Long-term borrowing, assuming Trudeau?s Marine, Inc., made no payments on long-term liabilities

f. Proceeds from issuance of common stock

g. Payment of cash dividends

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Income Statement 2018 2017 Net Sales.. Cost of Goods Sold Depreciation Expense. Other Operating Expenses. Income Tax Expense. Net Income $768,500 $640,400 459,800 25,200 101,400 44,600 137,500 384,200 23,600 83,700 37,200 111,700 Balance Sheet 2018 2017 $ 24,600 $ 15,500 3,900 28,700 288,100 15,900 5,400 190,300 85,000 48,700 Cash and Cash Equivalents Accounts Receivable. Inventories... Property and Equipment, Net. Accounts Payable.. Accrued Liabilities. Long-Term Liabilities . Common Stock. Retained Earnings... 6,400 32,600 246,500 13,600 7,300 160,300 65,000 54,800