Old Mills' 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 Year Ended December 31, 2024 Income Statement Old Mills (in thousands) Income Statement Net Sales Revenue $ 6,900 Year Ended December 31, 2024 Cost of Goods Sold Net Sales Revenue 6,900 Selling and Administrative Expenses 1,710 Cost of Goods Sold (a) Interest Expense Selling and Administrative Expenses 1,710 120 Other Expenses Interest Expense (b) Income Before Income Taxes 1,150 120 Other Expenses Income Tax Expense Income Before Income Taxes 1,150 Net Income (c) Income Tax Expense (d) Net Income Help me solve this Etext pages Calculat Print Done -