Presented below are the 2021 income statement and comparative balance sheets for Santana Industries.

Sale revenue Service revenue Total Revenue Operating expenses: Cost of goods sold Selling expense General and Administ Total operating expense Operating income Interest expense Income before income taxes Income tax expense Net income Balance Sheet Information (S in thousands) Assets : Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumlated depreciation Total assets Liabilities and shareholder's Equity: Accounts payable Interest payable Deferred revenue Income taxes payable Notes Payable (due 12/31/2023) Common stock Retained earnings Total liabilities and shareholder's equity SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) $15,250 4,400 $19,650 7,700 2.900 rative expense 2 000 12 600 7.050 200 6,850 2 100 S4 750 Dec.31,2021 Dec.31 2020 S 8,800.00 S 2,650.00 3,500 2.700 5,000 3,500 200 400 15,500 13,000 -5,600 -5,000 S 27 400 S 17 250 S 2,400 3 1,600 150 0 900 650 600 900 6,000 0 10,500 10,500 6,850 3,600 S 27 400 S 17,250