presented below is the 2024 income statement and comparative balance sheet information for tiger enterprises. tiger enterprises income statement for the year ended december 31, 2024 ($ in thousands) sales revenue $ 17,000 operating expenses: cost of goods sold $ 5,400 depreciation expense 440 insurance expense 1,100 general and administrative expense 3,800 total operating expenses 10,740 income before income taxes 6,260 income tax expense (2,504) net income $ 3,756 balance sheet information ($ in thousands) december 31, 2024 december 31, 2023 assets: cash $ 700 $ 400 accounts receivable 850 1,030 inventory 870 800 prepaid insurance 170 55 equipment 3,600 2,800 less: accumulated depreciation (1,240) (800) total assets $ 4,950 $ 4,285 liabilities and shareholders' equity: accounts payable $ 400 $ 560 accrued liabilities (for general