Presented below are the 2018 income statement and comparative balance sheets for Santana Industries.

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 $17,250 6,400 Total revenue $23,650 Operating expenses: Cost of goods sold Selling General and administrative 8,700 3,900 3,000 Total operating expenses 15,600 Operating income Interest expense Income before income taxes Income tax expense Net income 8,050 350 7,700 4,000 $ 3,700