Freiman Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses $198 315 158 59 $158 335 168 59 730 890 720 890 Total current assets Plant and equipment, net lotal assets $1,620$1,610 Liabilities and Stockholders Equity Current liabilities Accounts payable Accrued liabilities Notes payable, short term $168 109 79 $188 109 89 Total current liabilities Bonds payable Total liabilities 356 337 386 347 693 733 Stockholders' equity Common stock, $2 par value Additional paid-in capital--common stock Retained earnings 138 295 494 138 295 Total stockholders' equity 927 877 Total liabilities & stockholders' equity $1,620$1,610