15 Financial statements for Askew Industries for 2021 are shown below (In thousands): 2 points 2021 Income Statement Net sales $ 8,800 Coat of goods sold (6,200) Gross profit 2,600 Operating expenses 12,000) Interest expense (160) Income tax expense (176) Net Income $ 264 eBook Print References Comparative Balance Sheets Dec. 1 2021 2020 Asseta Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 560 560 760 1,600 $3,480 $460 360 560 1.700 $3,000 Liabilities and shareholders' Equity Current liabilities Donds payable Common stock Retained earnings $ 960 1,200 560 $ 610 1,200 560 710 $3,000 860 $3,480 Mc Graw Hill g A w W ond ODI