Question
Hyrkas Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year 2 and Yea (in thousands of dollars) Current assets:
Hyrkas Corporation's most recent balance sheet and income statement appear below. Balance Sheet December 31, Year 2 and Yea (in thousands of dollars) Current assets: Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Liabilities and Stockholders Equity Current liabilities: Accounts payable Accrued Liabilities Total current liabilities bonds payable Assets Stockholders equity Total liabilities & stockholders' equity For the Year Ended December 31, Year 2 $1,580 570 495 Year 2 $ 230 380 350 20 1,240 $ 2,220 $ 320 50 40 410 310 720 200 970 $2,220 Year 1 400 320 20 1,380 $ 2,470 $ 350 40 990 200 960 1,490 $ 2.470 Dividends on common stock during Year 2 totaled $28 thousand. The market price of common stock at the end of Year 2 was $8.10
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