Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net $ 140 $ 130 200 210 150 180 20 20 510 540 950 910 Total assets $ 1,460 $ 1,450 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $1 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $ 130 $ 150 70 70 70 60 270 280 170 190 440 470 200 200 320 320 500 460 1,020 980 $ 1,460 $ 1,450