Motorvehicles of Boston, Inc, reported the folowing financial statements for 2018 Caloulate the following: enter al amounts in thousands a. Collections from customers b. Payments for inventory (Click the lcon to view the income statement.) (Click the lcon to view the comparative balance sheets.) a. Calculate the collections from customers Reference The collections from customers are S thousand Motorvehicles of Boston, Inc. Reference Comparative Balance Sheets December 31, 2018 and 2017 On thousands) Motorvehicles of Boston, Inc. Assets 2018 2017 Liabilitles Income Statement 2018 2017 Current Current Year Ended December 31, 2018 Cash 30 S 18 Accounts payable 48 $ 47 (In thousands) Accounts receivable 59 Salary payable 43 25 21 770 Service revenue Accrued liabilities Inventory 74 10 13 Cost of goods sold 330 Prepaid expenses 4 Long-term note payable 65 60 Salary expense 20 Plant assets, net 230 187 70 Depreciation expense Long-lerm investments 53 77 Stockholders' Equity 120 Other expenses Common stock 41 29 540 Total expenses 262 248 Retained eamings 230 451 418 451 418 Total Net income Total Print Done Print Done Check A