E11-21A (book/static) Pilgrim Canopies, Inc., reported the following selected amounts in its financial statements for the year ended December 31, 2018: E: (Click the icon to view the financial statements.) Read the requirement. a. Collections from customers during 2018 Collections from customers are Enter any number in the edit fields and then click Check Answer. parts O remaining Clear All Data Table Income Statement 2018 Net sales .................... $ 346,300 $ Cost of goods sold....... 180,700 Depreciation expense .......... 26,900 Other operating expenses..... 47,600 Income tax expense ......... 22,700 Net income...... 68,400 Balance Sheet 2018 Cash and cash equivalents . . . . . . $ 17,800 $ Accounts receivable ........... 18,400 2017 311,800 158,200 23,200 44,800 20,200 65,400 2017 14,300 16,100 Print Print Done Done i Data Table - X 65,400 Net income. 68,400 Balance Sheet 2018 Cash and cash equivalents ......$ 17,800 $ Accounts receivable 18,400 Inventories..... 34,700 Property and equipment, net...... 288,600 Accounts payable ...... 16,200 Accrued liabilities. . . . . . . . . . . ... 10,700 Long-term liabilities ............ 150,000 Common stock. . . . . . . . 102,000 Retained earnings .. 80,600 2017 14,300 16,100 31,200 245,300 14,900 8,100 122,000 86,000 75,900 nswe Print Done i Requirement - X 1. Determine the following for Pilgrim Canopies, Inc., during 2018. a. Collections from customers b. Payments for inventory c. Payments of other operating expenses d. Acquisitions of property and equipment; no sales were made during 2018 e. Long-term borrowing, assuming Pilgrim Canopies, Inc., made no payments on long-term liabilities f. Proceeds from issuance of common stock g. Payment of cash dividends Print Print Done Done