Trudeau's Marine, Inc., reported the following selected amounts in its financial statements for the year ended December 31, 2016:

Requirement
1. Determine the following for Trudeau’s Marine, Inc., during 2016.
a. Collections from customers
b. Payments for inventory
c. Payments of other operating expenses
d. Acquisitions of property and equipment; no sales were made during 2016
e. Long-term borrowing, assuming Trudeau’s Marine, Inc., made no payments on long-term liabilities
f. Proceeds from issuance of common stock
g. Payment of cash dividends?

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Income Statement 2016 2015 $768,500 $640,400 459,800 384,200 25,200 Net Sales. Cost of Goods Sold. Depreciation Expense. Other Operating Expenses. Income Tax Expense 23,600 83,700 101,400 37,200 137,500 111,700 44,600 Net Income Balance Sheet 2015 2016 $ 24,600 $ 15,500 Cash and Cash Equivalents . Accounts Receivable 3,900 6,400 Inventories. 28,700 32,600 Property and Equipment, Net. Accounts Payable. 288,100 246,500 15,900 13,600 5,400 190,300 160,300 85,000 7,300 Accrued Liabilities. Long-Term Liabilities Common Stock. 65,000 Retained Earnings 48,700 54,800