20 Value 2.00 points Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 1 Year 2 Assets Current assets $176 $136 260 280 Accounts receivable 136 146 Inventor Prepaid expenses Total current assets Plant and equipment, net $1,400 $1,390 Total assets Liabilities and Stockholders Equity Current liabilites: Accounts payable $146 $166 98 98 Accrued liabilities Notes payable, short term 2 342 Total current liabilities Bonds payable Total liabilities Stockholders' equity: 116 Common stock, $2 par value 116 Additional paid-in capital--common stock 240 240 Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $1,400 $1,390