Heritage Mills' income statement appears as follows (amounts in thousands) (Click the icon to view the income statement.) Use the following ratio data to complete Heritage Mills' income statement: 1. Inventory turnover was 4.00 (beginning Merchandise Inventory was $750; ending Merchandise Inventory was $710). 2. Profit margin ratio is 12% (Enter amounts in thousands as provided to you in the problem statement. Round your answer to the nearest thousands.) X Income statement Heritage Mills Income Statement Year Ended December 31, 2024 Heritage Mills Income Statement (in thousands) $ 6,800 $ 6,800 Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses 1,730 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense Other Expenses Income Before Income Taxes (a) 1,730 140 Interest Expense (b) 140 1,325 Other Expenses Income Tax Expense Income Before Income Taxes 1,325 II Income Tax Expense (c) Net Income Net Income | (d)