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Eskimo Pie Case SOLUTION

Question attached      Year Ended December 31,       19891990          Exhibit 1     Historical Financial Information            $                  2,422 $                 2,526   Year Ended December 31,   1,0061,352  1987198819891990 175118       250(58) Income Statement Data (in thousands):  (154)(156) Net salesa  $ 30,769 $ 36,695 $ 46,709 $ 47,198 1,212(734) Cost of goods sold21,65025,63531,95731,780    Gross profita 9,11911,06014,75215,418 (524)(51) Advertising and sales promotions4,7424,2415,0305,130 2,054(621) General and administrative6,0685,4036,3947,063    Operating income (loss)(1,691)1,4163,3283,225 1433,006 Interest income3085508011,004 6,5955,382 Interest expense(88)(107)(88)(67)    Other income (expense)-netb 1,738(77)(108)(20)    Income taxes967291,5111,616 (2,358)(1,311) Net income $     171 $   1,053 $   2,422 $   2,526