Presented below is the 2018 income statement and comparative balance sheet information for Tiger Enterprises TIGER ENTERPRISES Income Statement For the Year Ended December 31, 2018 (s in thousands) $7,060 Sales revenue Operating expenses: $3,370 250 110 1,810 Cost of goods sold Depreciation Insurance Administrative and other 5,540 1,520 610 Total operating expenses Income before income taxes Income tax expense Net income Balance Sheet Information (s in thousands) AssetS: Cash Accounts receivable Inventory Prepaid insurance Plant and equipment 910 Dec. 31,2018 Dec. 31, 2017 s 210 840 610 25 1,850 $ 310 760 650 2,150 (610) Less: Accumulated depreciation $3,065 $ 2,925 Total assets 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 $ 310 310 210 810 910 515 $3,065 $ 370 410 160 610 810 565 $ 2,925 Total liabilities and shareholders' equity Prev 6 of Next