Presented below are the 2018 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2018 Sales revenue Service revenue 14,450 3,600 Total revenue 18,050 Operating expenses: Cost of goods sold Selling General and administrative 7,300 2,500 1,600 Total operating expenses Operating income Interest expense Income before income taxes Income tax expense Net income 11,400 6,650 210 6,440 2.600 $ 3,840 Dec: 31, Dec. 31 lance Sheet Information (s in thousands) Assets Cash Accounts receivable Inventory Prepaid rent Plant and equipment 2018 2017 s 7,450 2,290 2,700 2,300 4,200 3,100 320 14.700 12,200 160