7 Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises For the Year Ended December 31, 2018 (s in thousands) $8,500 Operating expenses: Cost of goods sold $3,700 270 250 2,100 Insurance Adninistrative and other 1 operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (s in thousands) 6,320 2,180 872 $1,308 Print Dec. 31,2018 Dec. 31, 2017 360 765 685 80 2,400 900 $3,390 Cash $ 230 860 Prepaid insurance Plant and equipment 35 1,950 Less: ted depreciation Total assets $3,075 Liabilities and Shareholders Equity: Accounts payable Payables for adninistrative and other expenses Incone taxes payable Note payable (due 12/31/2019) $ 315 315 215 980 s 390 430 180 750 Total 1iabilities and shareholders equity $3,390 099023.073