View Policies Current Attempt in Progress Navaria Inc. manufactures and sells chair lift mobility aids. These are chairlift systems designed for inhome use to aid persons with mobility challenges. The company sells its systems online and through a network of independent sales agents. Installation of the systems is done by independent contractors hired directly by Navaria's customers. The following information was taken from Navaria's financial records for the year ended June 30, 2020: (in thousands of dollars) Administrative expenses $9,475 Cost of goods sold 79,879 Other expenses 638 Financing expenses 817 Interest revenue 625 Income tax expense 4,963 Sales revenue 119,40 Rental of Wages Equipment Advertising Depreciation Engineering activities $1,920 $60 $0 $524 Research and development activities 769 34 0 129 Sales and marketing activities 3,590 0 5,808 27