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Current assets: Praeger Corporation Balance Sheet December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 Cash and marketable securities.
Current assets: Praeger Corporation Balance Sheet December 31, Year 2 and Year 1 (dollars in thousands) Year 2 Year 1 Cash and marketable securities. Accounts receivable, net... Inventory. $ 100 $ 100 170 170 110 110 Prepaid expenses. 60 60 Total current assets 440 440 Noncurrent assets: Plant & equipment, net.. 2,020 1,990 Total assets. $2,460 $2,430 Current liabilities: Accounts payable. $ 140 $ 170 Accrued liabilities.. 70 50 Notes payable, short term. 100 120 Total current liabilities Noncurrent liabilities: Bonds payable... 310 340 500 500 Total liabilities... 810 840 Stockholders' equity: Common stock, $5 par. 200 200 Additional paid-in capital--common stock... 300 300 Retained eamings..... 1,150 1,090 Total stockholders' equity. 1,650 1,590 Total liabilities & stockholders' equity. $2,460 $2,430 Praeger Corporation Income Statement For the Year Ended December 31, Year 2 (dollars in thousands) 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... $1,100 770 330 130 200 150 45 105 Dividends during Year 2 totaled $45 thousand. The market price of a share of common stock on December 31, Year 2 was $30.
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