Financial statements for Raridan Company appear below: Raridan Company Balance Sheet December 31, 20X6 and 20X5 (dollars in thousands) 20X6 20X5 Current assets: Cash and marketable securities $140 $140 Accounts receivable, net 190 170 Inventory 100 110 Prepaid expenses 70 70 Total current assets 500 490 Noncurrent assets: Plant & equipment, net 1,540 1,520 Total assets $2,040 $2,010 Current liabilities: Accounts payable $110 $110 Accrued liabilities 50 40 Notes payable, short term 110 110 Total current liabilities 270 260 Noncurrent liabilities: Bonds payable 280 300 Total liabilities 550 560 Shareholders' equity: Preferred shares, $10 par, 5% 120 120 Common shares, $10 par 200 200 Additional paid-in capitalcommon shares 260 260 Retained earnings 910 870 Total shareholders' equity 1,490 1,450 Total liabilities & shareholders' equity $2,040 $2,010