Presented below are the 2016 income statement and comparative balance sheets for Santana Industries.

SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands)
Sales revenue	$	16,450
Service revenue		5,600
Total revenue			$	22,050
Operating expenses:
Cost of goods sold		8,300
Selling		3,500
General and administrative		2,600
Total operating expenses				14,400
Operating income				7,650
Interest expense				310
Income before income taxes				7,340
Income tax expense				3,600
Net income			$	3,740

Balance Sheet Information ($ in thousands)	Dec. 31, 2016			Dec. 31, 2015
Assets:
Cash	$	8,450		$	3,190
Accounts receivable		4,700			3,300
Inventory		6,200			4,100
Prepaid rent		260			520
Plant and equipment		16,700			14,200
Less: Accumulated depreciation		(6,200	)		(5,600	)
Total assets	$	30,110		$	19,710
Liabilities and Shareholders