Presented below are the 2024 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2024 ($ in thousands) Sales revenue $14,250 Service revenue 3,400 Total revenue $17,650 Operating expenses: Cost of goods sold 7,200 Selling expense 2,400 General and administrative 1,500 expense Total operating expenses Operating income Interest expense 11,100 6,550 150 Income before income taxes 6,400 Income tax expense 1,600 Net income $ 4,800 Balance Sheet Information ($ in Dec. 31, Dec. 31, thousands) 2024 2023 Pa