Net sales$$66,700$$$418,000$Cost of goods sold$45,000309,000$Selling and administrative expenses$15,20078,000$Interest expense$7401,900$Other income $($expense$)(95)(420)$Income tax expense$1,4006,700$Net income$ $4,265$$ $21,980$Balance Sheet Data$($End of Year$)$Current assets$$18,000$$$45,000$Noncurrent assets$25,600120,000$Total assets$$43,600$$$165,000$Current liabilities$$11,000$$$56,000$Long$-$term debt$17,20044,000$Tatalstodhalderd aauity$1540045000$