prepare:

TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 ($ in thousands) Sales revenue Operating expenses: $ 7,660 $ 3,470 350 210 1,910 Cost of goods sold Depreciation Insurance Administrative and other 5,940 1,720 710 $1,010 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment Dec. 31,2018 Dec. 31, 2017 $ 410 860 750 105 2,650 1,060 $ 3,715 $ 310 940 710 75 2,350 710 Less: Accumulated depreciation Total assets $3,675 Liabilities and Shareholders' Equity: Accounts payable Payables for administrative and other expenses Income taxes payable Note payable (due 12/31/2019) Common stock Retained earnings $ 410 410 310 910 1,010 665 $ 3,715 $ 470 510 260 710 910 815 $ 3,675 Total liabilities and shareholders equity