XE10-19 similar to) 200 Main Street, Inc reported the following in its financial statements for the year ended May 31, 2016 (in thousand (Click the icon to view the financial statements.) Requirements Collections from customers a. are s 25,128 thousand Payments for inventory are b. s 18,206 thousand Payments for other operating expenses Cares 3,562 thousand Payment of income tax is ds 524 thousand Proceeds from issuance of common stock e. Iss Payment of cash dividends 1.726 thousand Financial statements 2016 2015 25,118 Sh 21,543 18,121 15.481 267232 3,870 4,263 538 487 2.322 $ 1,080 Income Statement Net sales Cost of sales Depreciation Other operating expenses Income tax expense Net income Balance Sheet Cash and cash equivalents Accounts receivable Inventory Property and equipment net Accounts payable Accrued liabilities Income tax payable Long-term labi Commons 5 19 $ 616 2.846 3.426 1355 189 267 232 4.263 3,870 538 2,322 $ 487 1,080 - 17 616 Depreciation Other operating expenses Income tax expense Net income Balance Sheet Cash and cash equivalents Accounts receivable Inventory Property and equipment, net Accounts payable Accrued liabilities Income tax payable Long-term liabilities Common stock Retained earnings 18 S 606 3,120 4.347 1.544 2.846 3.426 1.355 944 636 203 189 468 477 525 4.398 455 3.802 Print Done M