Complete the income statement and balance sheet information:

Additional Information Current ratio Depreciation Net Profit margin Total Liabilities to Total Equity Average collection period Inventory Turnover ratio No of Days in a year 3:1 $ 500 7% 1:1 45 days 3:1 360 days C 2 Income statement for the Year 20XX (In thousands) Sales $ 100,000 Cost of Goods sold ? Gross profit Selling and administrative ? expenses Interest expense 4,000 Profit before tax ? Taxes (30% rate) ? Profit after taxes ? C $ 4,000 ? 2,000 Balance Sheet As on June 30, 20XX (In thousands) Cash $5,000 Accounts payable Accounts receivable ? Bank loan Inventories ? Accruals Current Assets ? Current Liabilities Long-term Debt Net Fixed Assets ? Common stock & Retained Earnings Total Assets ? Total Liabilities and Equity ? 26,500 37,500