Ipanema Industries collected $108 from customers in 2020. Of the amount collected, $25 was for services performed in 2019. In addition, Ipanema performed services worth $36 in 2020, which will not be collected until 2021. Ipanema also paid $72 for expenses in 2020. Of the amount paid, $30 was for expenses incurred on account in 2019. In addition, Ipanema incurred $42 of expenses in 2020, which will not be paid until 2021.