Selected financial data for Cullumber Inc. and Pharoah Ltd. (in $ thousands) are presented below. Statement of Income Total revenue Cullumber Inc. Pharoah Ltd. $36,880 $36,050 Cost of sales Gross profit 19,090 26,190 17,790 9,860 Operating expenses 17,050 8,080 Profit from operations 740 1.780 Interest expense (revenue) (38) 533 D Other expenses 153 Other non-operating income 353 438 Profit before income tax 978 1,685 Income tax expense 325 623 Profit for the year $653 $1,062 Cullumber Inc. Pharoah Ltd.