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Superb Ltd reported the following in its financial statements for the year ended 31 December 2016: 2016 2015 Income statement Net sales $25,118 $21,115 Cost
Superb Ltd reported the following in its financial statements for the year ended 31 December 2016: 2016 2015 Income statement Net sales $25,118 $21,115 Cost of sales 18088 15432 Depreciation expense 273 232 Other operating expenses 4411 4283 Income tax expense 536 481 Profit 1810 687 Balance sheet $15 $13 799 619 3489 2839 4346 3436 Cash and cash equivalents Accounts receivable inventories Property and equipment, net Accounts payable Accrued liabilities Long-term liabilities Ordinary share capital Retained earnings 1544 1364 941 853 479 468 671 443 5014 3779 All sales and purchases were on account. Required: Calculate the following for Superb Ltd during 2016: 1. Cash collections from customers: 2. Cash payments to suppliers: 3. Cash payments for other operating expenses: 4. Cash payment for dividend
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