Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income $ 9,000 (6,300) 2,700 (2,100) (200) (100) $ 300 Comparative Balance Sheets December 31 2024 2023 Assets Cash Accounts receivable Inventory Property, plant, and equipment (net) $ 600 600 800 2,000 $ 500 $ 4,000 Liabilities and Shareholders' Equity Current liabilities Bonds payable Common stock Retained earnings $ 1,100 1,400 600 400 600 2,100 $ 3,600 $ 850 1,400 600 900 750 $ 4,000 $ 3,600