Park Avenue, Inc., reported the following in its financial statements for the year ended May 31, 2020 (in thousands): (Click the icon to view the financial statements.) Requirements a. Collections from customers are $ thousand. b. Payments from customers are $ thousand. c. Payments for other operating expenses are $ thousand. d. Payment of income tax is $ thousand. e. Proceeds from issuance of common shares is $ thousand. f. Payment of cash dividends is $ thosuand. Financial statements 2020 2019 Income Statement Net sales $ 24,330 $ Cost of sales Depreciation 18,097 258 21,099 15,481 228 Other operating expenses 3,910 4,283 539 483 Income tax expense $ 1,526 $ 624 Net income Balance Sheet Cash and cash equivalents $ 17 $ 15 Accounts receivable 603 620 Inventory 3,140 2,874 Property and equipment, net 4,355 3,439 Accounts payable 1,547 1,362 Accrued liabilities 935 626 Income tax payable 198 187 Long-term liabilities 478 467 Common shares 515 440 Retained earnings 4,442 3,866 Print Done Requirements Determine the following cash receipts and payments for Park Avenue, Inc., during 2020 (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 common shares f. Payment of cash dividends Print Done