Homework: Week 4 Homework Score: 0 of 1 pt 5 of 15 (7 complete) S15-11 (book/static) Old Mills's income statement appears as follows (amounts in thousands): (Click the icon to view the income statement.) Use the following ratio data to complete Old Mills' income statement 1. Inventory turnover was 3.70 (beginning Merchandise Inventory was $810 ending Merchandise Inventory was $770). 2. Profit margin ratio is 14% (Enter amounts in thousands as provided to you in the problem statement. Round your answer to the nearest thousands.) Old Mills Income Statement Income Statement Year Ended December 31, 2018 in thousands) Old Mills Net Sales Revenue S 6,900 Income Statement Cost of Goods Sold Year Ended December 31, 2018 Selling and Administrative Expenses 1,710 $ 6,900 Net Sales Revenue Interest Expense Cost of Goods Sold 120 Other Expenses Selling and Administrative Expenses 1,710 Income Before Income Taxes 1,150 Interest Expense Income Tax Expense 120 Other Expenses Net Income 1,150 Income Before Income Taxes Income Tax Expense Net Income Print Done