Hyrkas Corporation's most recent balance sheet and income statement appear below: Statement of Financial Position December 31, Year 2 and Year 1 in thousands of dollars) Asset: Current assets: Cash Accounts receivable Inventory Prepaid expenses $ 130 $ 140 240 250 140 130 20 20 Total current assets Plant and equipment, net 530 540 917 897 Total assets $1,447 $1,437 Liabilities and stockhoiders' equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term $ 190 S 180 80 130 140 80 Total current liabilities Bonds payable 400 220 400 270 Total liabilities 620670 Stockholders equity: Preferred stock, $100 par value, 10% Common stock, $1 par value Additional paid-in capital--common stock Retained eamings 230 230 100 100 110 110 387 320 Total stockholders' equity 827760 Total I liabilities and stockholders' equity $ 1,447 $ 1.430