A skeleton of Hill Country Florist Limited's income statement appears as follows (amounts in thousands):

Use the following ratio data to complete Hill Country Florist's income statement:

a. Inventory turnover was 5 (beginning inventory was \(\$ 775\), ending inventory was \(\$ 767\) ).

b. Return on sales is 0.12 .

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B C D Income Statement $7,278 (a) 1,510 351 1 2 Net sales 3 Cost of goods sold 4 Selling expenses 5 Administrative expenses 6 Interest expense 7 Other expenses 8 Income before taxes 9 10 11 Income tax expense Net income (b) 126 1,042 (c) $ (d)