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) Assets Year 2 Year 1 Current assets: Cash Accounts receivable, net Inventory $ 165 250 $ 220 270 220 190 Prepaid expenses 20 20 Total current assets Plant and equipment, net Total assets 655 700 850 860 $ 1,505 $ 1,560 Liabilities and stockholders' Equity Current liabilities: Accounts payable Accrued liabilities $ 190 $ 220 50 50 40 40 280 310 180 210 460 520 Notes payable, short term Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock, $2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity Income Statement For the Year Ended December 31, Year 2 (in thousands of dollars) 200 200 330 330 515 510 1,045 1,040 $ 1,505 $ 1,560 Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (30%) Net income $ 1,230 760 470 365 105 20 85 26 $ 59 Dividends on common stock during Year 2 totaled $54 thousand. The market price of common stock at the end of Year 2 was $13.30 per share.