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

Income Statement

Net sales..................................................................................................................... $7,278

Cost of goods sold............................................................................................................ (a)

Selling expenses......................................................................................................... 1,510

Administrative expenses................................................................................................. 351

Interest expense............................................................................................................... (b)

Other expenses............................................................................................................... 126

Income before taxes.................................................................................................... 1,042

Income tax expense......................................................................................................... (c)

Net income................................................................................................................. $ (d)

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.