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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
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 Current assets: Cash Accounts receivable, net Inventory Prepaid expenses 360 330 20 930 1,180 $2,110 $ 220 $330 380 300 20 1,030 1,300 $2,330 Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities: $ 300 50 40 390 290 680 $ 330 50 40 420 500 920 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 200 330 900 1,430 $2,110 200 330 880 1,410 $2,330 Total stockholders' equity Total liabilities & stockholders' equity
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