- Data table Luxe, Inc., reported the following in its financial statements for the year ended May 31, 20X6 (in thousands): (Click the icon to view the financial statements.) Requirement 1. Determine the following cash receipts and payments for Luxe, Inc., during 20x6: (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 shares f. Payment of cash dividends 20X6 20X5 Income Statement d. Net sales $ $ 25,118 $ 21,115 18.047 15,481 Cost of sales Depreciation Other operating expenses 266 228 a. Collections from customers are $ 3,910 532 4,254 487 Income tax expense $ 2,363 $ 665 b. Payments for inventory are $ C. Payments for other operating expenses are $ Net income Balance Sheet $ 13 $ 11 d. Payment of income tax is $ Cash and equivalents Accounts receivable 604 614 e. Proceeds from issuance of shares is $ 3,130 2,859 3,461 f. Payment of cash dividends is 4.371 1,540 1,358 935 632 Inventory Property and equipment, net Accounts payable Accrued liabilities Income tax payable Long-term liabilities Share capital Retained earnings 198 186 474 458 518 445 4,453 3,866 ( Print Done