could someone pls solve the question in the screenshot thanks A1

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Motorsports of Madrid Comparative Balance Sheets

December 31, 20X6 and 20X5

2

(In thousands)

3

Assets

20X6

20X5

Liabilities

20X6

20X5

4

Current:

Current:

5

Cash

$ 28

$ 11

Accounts pay

A1 Motorsports of Madrid, Inc. Year Ended Income Statement December 31, 20X6 (In thousands) Service revenue 800 Cost of goods sold 340 Salary expense Depreciation expense 50 40 Other expenses 180 9 Total expenses 610 Net income 190 10 A1 Motorsports of Madrid December 31, Comparative Balance Sheets 20X6 and 20X5 Hn (In thousands) Assets 20X6 20X5 Liabilities 20X6 20X5 Current: Current: S Cash 28 $ Accounts payable S 48 $ Accounts receivable 43 89 Salary payable Inventory 54 26 Accrued liabilities 24 Prepaid expenses 16 so 69 54 Long-term investments 54 79 5 Long-term notes payable 10 PPE, net 229 188 Shareholders' Equity 11 12 Share capital 48 Retained earnings 241 3 Total 14 $ 448 $ 415 Total $ 448 $ 415 Compute the following investing cash flows (enter all amounts in thousands): a. Acquisitions of PPE (all were for cash). Motorsports of Madrid sold no PPE. b. Proceeds from the sale of investments. Motorsports of Madrid purchased no investments. LO 5 S11-10. (Learning Objective 5: Computing financing cash flows) Use the Motorsports of Madrid data in Short Exercise 11-9 to compute the following (enter all amounts in thousands): a. New borrowing or payment of long-term notes payable. Motorsports of Madrid had only one long-term note payable transaction during the year. b. Issuance of share capital or retirement of shares. Motorsports of Madrid had only one share capital transaction during the year. c. Payment of cash dividends (same as dividends declared). LO 6 S11-11. (Learning Objective 6: Computing operating cash flows-direct method) Use the Motorsports of Madrid data in Short Exercise 11-9 to compute the following (enter all amounts in thousands): a. Collections from customers b. Payments for inventory