The Delight Group Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 482,580 $ 227,220 420,000 210,000 $ Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 255,360 $ 95,130 210,000 90,000 $ 160,230 $ 6,410 120,000 6,250 Less: Interest expense Income before income taxes $ 153,820 $ 14,275 113,750 8,750 Less: Income tax expense $ 139,545 $ 105,000 Net income