Income Statement 2019 2018 (in Thousands) Revenues Cost of goods sold $ 15,500 11,080 1,260 1,230 Other expenses Income before income taxes 1,610 1,890 662 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends $ 2,660 (88) (160) Ending balance Balance Sheet Assets Cash Property, plant, and equipment 1.477 1,376 Other assets 10,762