The $2024$ balance sheet for Hallbrook Industries, Incorporated, is shown below.HALLBROOK INDUSTRIES, INCORPORATEDBalance SheetDecember $31,2024($$ in thousands$)$Assets Cash$ $270$Short$-$term investments$220$Accounts receivable$270$Inventory$340$Property, plant, and equipment $($net$)1,700$Total assets$ $2,800$Liabilities and Shareholders Equity Current liabilities$ $470$Long$-$term liabilities$420$Paid$-$in capital$1,100$Retained earnings$810$Total liabilities and shareholders equity$ $2,800$The companys $2024$ income statement reported the following amounts $($$ in thousands$)$:Net sales$ $5,300$Interest expense$40$Income tax expense$170$Net income$230$