Old Mills' income statement appears as follows(amounts inthousands):

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Use the following ratio data to complete Old Mills' incomestatement:

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 nearestthousands.)

Old Mills

Income Statement

Year Ended December 31, 2024

(in thousands)

Net Sales Revenue

$

6,900

Cost of Goods Sold

Selling and Administrative Expenses

1,710

Interest Expense

Other Expenses

120

Income Before Income Taxes

1,150

Income Tax Expense

Net Income

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Income Statement

Old Mills

Income Statement

Year Ended December 31, 2024

Net Sales Revenue

$

6,900

Cost of Goods Sold

(a)

Selling and Administrative Expenses

1,710

Interest Expense

(b)

Other Expenses

120

Income Before Income Taxes

1,150

Income Tax Expense

(c)

Net Income

(d)