Top Notch, Inc., reported the following in its financial statements for the year ended May 31, 2020 (in thousands):

{Requirement}
Determine the following cash receipts and payments for Top Notch, Inc., during 2020 (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 shares

f. Payment of cash dividends

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A 1 2 Income Statement 3 Net sales 4 Cost of sales 5 6 7 Depreciation Other operating expenses Income tax expense 8 Net income 9 Balance Sheet 11 10 Cash and cash equivalents. Accounts receivable 12 Inventory 13 Property and equipment, net 14 Accounts payable 15 Accrued liabilities 16 Income tax payable 17 Long-term liabilities 18 Common shares 19 Retained earnings 20 B C 2020 2019 $ 23,984 $ 21,115 18,088 15,333 259 234 3,880 4,248 536 485 $ 1,221 $ 815 $ 15 $ 14 597 609 3,060 2,790 4,345 3,425 1,549 1,366 942 639 201 190 476 463 520 446 4,329 3,734