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Hyrkas 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
Hyrkas 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, net Inventory Prepaid expenses $ 185 $ 260 310 230 20 820 1,020 $1,725$1,840 290 260 20 755 970 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 230260 50 40 350 330 680 Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: 50 40 320 220 540 Common stock, $2 par value Additional paid-in capital Retained earnings 200 330 655 1,185 $1,725 200 330 630 1,160 $1,840 Total stockholders' equity Total liabilities & stockholders' equity
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