2018 $4,100 1,700 470 270 2019 $4,200 1,800 490 335 520 570 240 340 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 320 350 4,800 2,400 687 380 760 240 360 355 395 5,540 2,860 540 380 480 * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct an income statement for Fincorp for 2018 and 2019. (Enter your answers in thousands of dollars.) Fincorp Inc. Income Statement $ $ Revenue Cost of goods sold Depreciation expense Administrative expenses Interest expense Taxable income [Federal & state income taxes 2018 4,100 1,700 470 520 2019 4,200 1,800 490 570 240 1,100 240 1,170 Net $ 1,170 $ 1,100