Following is the balance sheet for Lombardy Industries at the end of the current year. Lombardy Industries Consolidated Balance Sheet $ thousands, except par value Current assets Cash and cash equivalents $260 Short-term investments 108 Merchandise inventory 6,244 Other current assets 415 Total current assets 7,027 Property, less accumulated depreciation 9,116 Long-term investments 123 Deferred income taxesnet 148 Goodwill 152 Other assets 489 Total assets $17,055 Current liabilities Short-term borrowings $361 Current maturities of long-term debt 576 Accounts payable 4,153 Accrued compensation and employee benefits 328 Deferred revenue 617 Other current liabilities 1,209 Total current liabilities 7,244 Long-term debt, excluding current maturities 6,959 Deferred revenueextended protection plans 418 Other liabilities 603 Total liabilities 15,224 Shareholders' equity Common stock$0.50 par value 70 Retained earnings 1,818 Accumulated other comprehensive loss (57) Total shareholders' equity 1,831 Total liabilities and shareholders' equity $17,055 Compute net operating assets (NOA) at year end. Assume that longterm investments are nonoperating. $ thousands At Year-End NOA Answer 1