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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items

The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars.

2015 2016
Revenue $

4,900

$ 5,000
Cost of goods sold

1,800

1,900
Depreciation 480 500
Inventories 300 330
Administrative expenses 510 560
Interest expense 140 140
Federal and state taxes* 590 610
Accounts payable 280 320
Accounts receivable 350 385
Net fixed assets 4,600 5,340
Long-term debt 2,800 3,150
Notes payable 853 530
Dividends paid 470 470
Cash and marketable securities 850 450

* Taxes are paid in their entirety in the year that the tax obligation is incurred.

Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.

Construct an income statement for Fincorp for 2015 and 2016.(Input all amounts as positive values. Enter your answers in thousands of dollars.)

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