Presented below are the 2018 income statement and comparative balance sheets for Santana Industries SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Service revenue $ 16,250 5,400 Total revenue $21,650 Operating expenses: 8,200 3,400 2,500 Cost of goods sold Selling General and administrative 14,100 7,550 300 7,250 3,500 $ 3,750 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income Dec. 31, Dec. 31, 2018 2017 Balance Sheet Information ( in thousands) AssetS: Cash Accounts receivable Inventory Prepaid rent Plant and equipment $ 8,350 3,100 3,200 4,000 500 14,000 5,500 $29,500 $19,300 4,500 6,000 250 16,500 6,100 Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity