Hyrkas Corporation's most recent balance sheet and income statement appear below:

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: 150 160 Cash Accounts receivable 260 270 Inventory 160 150 Prepaid expenses 10 10 Total current assets 580 590 Plant and equipment, net 955 935 1,535 $1,525 Total assets Liabilities and stockholders' equity: Current liabilities: 210 2009 Accounts payable Accrued liabilities 100 100 Notes payable, short term 150 160 Total current liabilities 460 460 Bonds payable 240 290 Total liabilities 700 750 Stockholders' equity: Preferred stock, $100 par value, 10% 250 250 Common stock, $1 par value 100 100 Additional paid-in capital--common stock 110 110 Retained earnings 375 290 Total stockholders' equity 835 750