Incomplete versions of the comparative financial statements of Kayma Carpet Corp. follow (amounts in thousands):

                                  KAYMA CARPET CORP.
                                    Income Statement
                             For the Year Ended May 31, 2020
Net sales ................................................................... $ 30,718
Cost of goods sold ............................................................. (a)
Gross margin ..................................................................... (b)
Selling and general expenses ..................................... 9,654
Other expense (income) ............................................. 1,130
Income before income tax ............................................. (c)
Income tax expense (25%) ............................................. (d)
Net income .................................................................... $ (e)

                                KAYMA CARPET CORP.
                                 Cash Flow Statement
                     For the Year Ended May 31, 2020
Net cash inflow from operating activities ............................. $ 4,324
Net cash outflow from investing activities ............................. (2,464)
Net cash outflow from financing activities ............................. (1,130)
Net increase (decrease) in cash during 2020 ...........................  $ (n)

Ratio data:

• Current ratio at May 31, 2020, is 0.9276.

• Inventory turnover for the year ended May 31, 2020, is 11.3620.

• Debt ratio at May 31, 2020, is 0.7521.

Required

Complete the financial statements. Round all amounts to the nearest thousand dollars. Start with the income statement, then complete the cash flow statement. Finish the balance sheet last.

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KAYMA CARPET CORP. Balance Sheet May 31, 2020 and 2019 Assets 2020 2019 Current assets Cash $ (f) 300 Short-term investments 1,852 1,630 Receivables, net 4,224 3,726 Inventories 1,300 1,046 Prepaid expenses (g) 168 Total current assets (h) 6,870 Property, plant, and equipment, net 22,354 19,248 Total assets $ (i) $26,118 Liabilities Current liabilities $ 9,270 $ 7,434 Long-term liabilities () 15,964 Total liabilities (k) 23,398 Shareholders' Equity Common shareholders' equity (1) 2,720 Total liabilities and shareholders' equity $ (m) $26,118