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Motorvehicles of Boston, Inc, reported the following financial statements for 2021 . (Click the icon to view the income statement) (Click the icon to view
Motorvehicles of Boston, Inc, reported the following financial statements for 2021 . (Click the icon to view the income statement) (Click the icon to view the comparative balance sheets.) Calculate the following: enter all amounts in thousands. a. Coliections from customers b. Payments for inventory a. Calculate the collections from customers The collections from customers, in thousands, is: \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ (In thousands) } & \multicolumn{4}{|c|}{\begin{tabular}{l} Motorvehicles of Boston, Inc. \\ Comparative Balance Sheets \\ December 31,2021 and 2020 \end{tabular}} & & \\ \hline & & & & & & & \\ \hline Assets & & 2021 & 2020 & abilities & & 021 & 2020 \\ \hline Current: & & & & rrent: & & & \\ \hline Cash & $ & 20$ & 11 & Accounts payable & s & 52$ & 45 \\ \hline Accounts receivable & & 55 & 42 & Salary payable & & 25 & 21 \\ \hline Inventory & & 76 & 87 & Accrued liabilities & & 15 & 18 \\ \hline Prepaid expenses & & 5 & & g-term note payable & & 61 & 60 \\ \hline Plant assets, net & & 226 & 187 & & & & \\ \hline Long-term investments & & 59 & 74S & ckholders' Equity & & & \\ \hline & & & & mmon stock & & 45 & 30 \\ \hline & & & & tained earnings & & 243 & 231 \\ \hline Total & s & 441s & & & s & 441s & 405 \\ \hline \end{tabular}
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