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 Cash Current liabilities: Current assets: Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Accounts payable $ 175 270 $ 240 290 240 210 20 20 705 760 910 940 $ 1,615 $ 1,700 Liabilities and Stockholders' Equity Accrued liabilities 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 $ 210 $ 240 50 50 40 40 300 330 200 270 500 600 200 200 330 330 585 570 1,115 $ 1,615 1,100 $ 1,700 (in thousands of dollars) Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Net income before taxes Interest expense Income taxes (30%) Net income $ 1,250 780 470 385 85 20 65 20 $ 45 Dividends on common stock during Year 2 totaled $30 thousand. The market price of common stock at the end of Year 2 was $15.30 per share.