Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the following information (dollars in thousands) NCOME STATEMENT 20,690 Sales revenue Expenses 9,200 Cost of goods sold Depreciation expense 3,050 4,100 Salaries expense 2,880 Rent expense 1,000 Insurance expense 900 Utilities expense Interest expense on bonds 510 Loss on sale of investments 800 22,440 Net loss 750 SELECTED BALANCE SHEET ACCOUNTS Prior Year Current Year 70 96 Merchandise inventory 546 455 Accounts receivable 230 Accounts payable 247 Salaries payable 22 40 Rent payable Prepaid rent 22 Prepaid insurance