Hyrkas Corporation's most recent balance sheet and income statement appear below Statement of Financial Position December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Asset Current assets: 120 130 Cash Accounts receivable 230 240 Inventory 130 120 Prepaid expenses 20 20 Total current assets 500 510 Plant and equipment, net 918 898 1,418 1,408 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable 180 170 Accrued liabilities 70 70 Notes payable, short term 120 130 Total current liabilities 370 370 Bonds payable 210 260 Total liabilities 580 630 Stockholders' equity: Preferred stock, $100 par value, 10% 220 220 Common stock, $1 par value 100 100 Additional paid-in capital-common stock 110 110 Retained earnings 408 350 Total stockholders' equity 838 780 1,418 1,410 Total liabilities and stockholders' equity