Dahn Corporation has provided the following financial data: Balance Sheet December 31, Year 2 and Year 1 Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 227,000 134,000 $ 150,000 130,000 150,000 130,000 83,000 80,000 594,000 769,000 $ 1,363,000 490,000 840,000 $ 1,330,000 $ 180,000 Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $5 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Income Statement For the Year Ended December 31, Year 2 $ 200,000 63,000 70,000 71,000 60,000 334,000 310,000 290,000 290,000 624,000 600,000 400,000 400,000 50,000 50,000 289,000 280,000 739,000 730,000 $ 1,363,000 $ 1,330,000