Hyrkas Corporation's most recent balance sheet and income statement appear below: 6 Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets 02:51:23 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses $ 210 340 310 20 880 1,120 $2,000 310 360 280 20 970 1,220 $2,190 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 280 310 50 40 400 440 840 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: 50 40 370 270 640 Common stock, $2 par value Additional paid-in capital Retained earnings 200 330 830 1,360 $2,000 200 330 820 1,350 $2,190 Total stockholders' equity Total liabilities & stockholders' equity