Fill in the missing values for the income statement below given the following information: Gross margin is 37% Direct labor costs are half the amount of Direct materials costs Times-interest-earned ratio is 28.0 Tax rate is 25%

Mashayekhi and Meckstroth Merchandising, Inc. Income Statement as of the year ending September 30, 2017 (in thousands) Sales revenue Less: Cost of goods sold $ 52,541 Direct materials Direct labor Manufacturing overhead 18,420 9,210 5,471 Total cost of goods sold Gross profit Less: Operating expenses 33,101 19,440 Selling expenses 3,220 General and administrative expenses Total operating expenses Earnings before interest and taxes Interest expense Income before income taxes Income tax expense NET INCOME (LOSS) 12,320 440