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 $ 165 250 $ 220 270 220 190 20 20 655 700 850 860 $ 1,505 $ 1,560 Liabilities and Stockholders' Equity Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Current liabilities: Accounts payable 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 (in thousands of dollars) Sales (all on account) Cost of goods sold $ 1,230 760 330 $ 190 $ 220 50 50 40 40 280 310 180 210 460 520 200 200 330 330 515 510 1,045 1,040 $ 1,505 $1,560