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Summarized versions of Nachos Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1.
Summarized versions of Nachos Corporation's financial statements for two recent years are as follows. (Click the icon to view the financial statements.) Requirement 1. Complete Nachos Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement 2019 2018 (in Thousands) Revenues $ 15,500 Cost of goods sold 11,030 Other expenses 1,280 1,190 Income before income taxes 1,610 1,890 662 Income taxes (35%) Net income
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