Billkin Company Comparative balance sheets For the year ended December 31, Year1 & 2 (dollars in thousands) Current Assets Assets Year 0 Year 1 Year 2 Cash 6,000.00 2,500.00 1,600.00 Marketable securities 500.00 2,000.00 1,600.00 Accounts Receivable 5,000.00 10,000.00 8,000.00 Inventories 3,000.00 10,000.00 Other 800.00 1,500.00 800.00 Total Current Assets 12,300.00 19,000.00 22,000.00 Property and equipment Land 6,000.00 6,000.00 4,000.00 Buildning and equipment 5,000.00 5,000.00 6,000.00 Total long-term assets 11,000.00 11,000.00 10,000.00 Total Assets 23,300.00 30,000.00 32,000.00 Liabilities and Stockholder's Equity Current Liabilities Notes payable, short term 2,800.00 3,000.00 Accounts payable 5,000.00 5,800.00 3,200.00 6,400.00 Current maturity of long term debt 400.00 400.00 400.00 Accrued payables 1,500.00 1,876.00 2,000.00 Total current liabilities 9,700.00 11,076.00 12,000.00 Long term liabilities Bonds payable, 10% 4,000.00 4,000.00 4,000.00 Total liabilities 13,700.00 15,076.00 16,000.00 Stockholder's equity Preferred stock, $25 par, 7% 3,200.00 3,200.00 3,200.00 Common stock, $2 par 1,600.00 1,600.00 1,600.00 Additional paid in capital 4,800.00 4,800.00 4,800.00 Retained earnings 5,324.00 6,400.00 Total Equity 9,600.00 14,924.00 16,000.00 Total liabilities and stockholder's equity 23,300.00 30,000.00 32,000.00