Forecasting an Income Statement AutoZone Inc. reports the following income statements. 12 Months Ended Consolidated Statement of Income ($ in Thousands) Aug. 27, 2016 Net sales $10,635,676 Cost of sales, including warehouse and delivery expenses 5,026,940 Gross profit 5,608,736 Operating, selling general and administrative expenses 3,548,341 Operating profit 2,060,395 Interest expense, net 147,681 Income before income taxes 1,912,714 Income tax expense 671,707 Net income $1,241,007 Forecast AutoZone's 2017 income statement assuming the following income statement relations ($ in thousands). All percentages, (other than sales growth and provision for income taxes) are based on percent of net sales. Net sales growth 696 Cost of sales, including warehouse and delivery expenses 47.396 Operating, selling general and administrative expenses 33.496 Interest expense, net $145,000 Income tax expense (96 pretax income) 3596 13, TRICOL CATEGIEL Income tax expense (96 pretax income) 3596 2017 Est. Round your answers to the nearest whole number. Do not use negative signs with your answers. Forecasted Income Statement ($ thousands) 2016 Net sales $10,635,676 $ Cost of goods sold 5,026,940 Gross profit 5,608,736 Operating, selling, general, and admin expenses 3,548,341 Operating profit 2,060,395 Interest expense, net (147,681) Income before income taxes 1.912,714 Income tax expense 671,707 Net income $ 1,241,007 $ Check