Primo industries collected $105,000 from customers in 2022. Of the amount collected, $25,000 was for services performed in 2021. In addition, primo performed services worth $40,000 in 2022, which will not be collected until 2023. Primo industries also paid $72,000 for expenses in 2022. Of the amount paid, $30,000 was for expenses incurred on account in 2021. In addition, primo incurred $42,000 of expenses in 2022, which will not be paid until 2023.