SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 18,050 Operating expenses: Service revenue Total revenue Cost of goods sold Selling expense Total operating expenses 7,200 $25,250 9,100 4,300 General and administrative expense 3,400 16,800 Operating income Interest expense Income before income taxes Income tax expense Net income 8,450 340 8,110 3,500 $ 4,610 Balance Sheet Information ($ in thousands) Assets: Cash Accounts receivable Inventory Prepaid rent Equipment Less: Accumulated depreciation Total assets Liabilities and Shareholders' Equity: Accounts payable Interest payable Deferred revenue Dec. 31, 2021 Dec. 31, 2020 $10,200 $ 3,910 6,300 7,800 4,100 4,900 340 680 18,300 15,800 (7,000) (6,400) $35,940 $22,990 $ 5,200 $ 3,000 290 1,180 e 790