7 Hyrkas 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 2 Year 1 Assets Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 290 260 20 755 970 $1,725 $ 185260 310 230 20 820 1,020 $1,840 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 230 260 50 40 350 330 680 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: 50 40 320 220 540 Common stock, $2 par value Additional paid-in capital Retained earnings 200 330 655 1,185 $1,725 200 330 630 ,160 Total stockholders' equity Total liabilities & stockholders' equity $1,840 Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $1,330 830 500 405 95 20 75 23 $ 52 Dividends on common stock during Year 2 totaled $27 thousand. The market price of common stock at the end of Year 2 was $16.30 per share Required Compute the following for Year 2