Just these 2 Questions please!

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

Balance Sheet December 31, Year 2 and Year I (in thousands of dollars) Assets net Year 2. Current assets: Cash Accounts receivable, $1,615 $1,615 Inventory prepaid expenses Total current assets Plant and equipment, Total assets net Liabilities and Stockholders ' 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 $1, 2sa 780 47 385 175 270 705 210 33a 585 1,115 equity Year $ 240 290 21a $1, 7aa 240 330 27a 330 570 1, laa $1, 7aa I ncome Statement For the Year Ended December 31, Year 2 (in thousands of dollars) Sales (all on account) Cost of goods sold Gross margin Selling and administrative expense Net operating income Interest expense Net income before taxes Income taxes (3%) Net income