Autos of Red Deer Inc. reported the following financial statements for 2014: Autos of Red Deer Inc. Income Statement For the Year Ended December 31, 2014 (in thousands) Sales revenue.................................................................................................. $710 Cost of goods sold........................................................................................... 340 Salary expense................................................................................................... 70 Depreciation expense......................................................................................... 20 Other expenses................................................................................................. 130 Total expenses................................................................................................. 560 Net income.................................................................................................... $150

Compute the following: a. Collections from customers b. Payments for inventory