A skeleton of Athol Country Florists income statement appears as follows (amounts in thousands):

Income Statement

Net sales.......................................$7,500

Cost of goods sold......................... (a)

Selling expenses............................. 1,511

Administrative expenses................ 328

Interest expense............................. (b)

Other expenses.............................. 154

Income before taxes...................... 1,046

Income tax expense....................... (c)

Net income....................................$ (d)

Use the following ratio data to complete Athol Country Florists income statement:

a. Inventory turnover was 4 (beginning inventory was $784; ending inventory was $762).

b. Rate of return on sales is 0.10.