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Data table Income Statement 2024 2023 Net Sales Revenue $ 24,859 $ 21,543 Cost of Goods Sold 18,015 15,458 Depreciation Expense 267 230 Other Operating
Data table Income Statement 2024 2023 Net Sales Revenue $ 24,859 $ 21,543 Cost of Goods Sold 18,015 15,458 Depreciation Expense 267 230 Other Operating Expenses 4,598 4,248 540 485 Income Tax Expense Net Income Balance Sheet Cash EA $ 1,439 $ 1,122 $ 19 $ 18 Accounts Receivable 796 616 Merchandise Inventory 3,482 2,831 Property, Plant, and Equipment, net 4,348 3,434 Accounts Payable 1,549 1,367 Accrued Liabilities 939 849 Long-term Liabilities 479 468 Common Stock, no par 674 443 Retained Earnings 5,004 3,772 Requirement 1. Compute the collections from customers. Collections from customers are Requirement 2. Compute payments for merchandise inventory. Payments for merchandise inventory are Requirement 3. Compute payments of other operating expenses. Payments of other operating expenses are Requirement 4. Compute acquisitions of property, plant, and equipment (no sales of property during 2024). Acquisitions of property, plant, and equipment are Requirement 5. Compute the amount of borrowing, with Top Notch paying no long-term liabilities. Borrowings, with Top Notch paying no long-term liabilities, are Requirement 6. Compute the cash receipt from issuance of common stock. Cash receipt from issuance of common stock is Requirement 7. Compute the payment of cash dividends. Payment of cash dividends is
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