Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income State me nt For the Ye ar Ended De cember 31, 2018 (S in thous ands) Sales revenue Operating expens es: $7,000 Cost of goods sold Depreciation Ins urance Adminis trative and other $3,360 240 100 1,800 5,500 1,500 (600) $ 900 Total operating expenses Income before income taxes Income tax expens e Net income