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): INCOME STATEMENT $ 20,640 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Utilities expense Interest expense on bonds Loss on sale of investments Net loss $ 9,110 2,990 4,180 2,820 980 800 1,200 690 22,770 SELECTED BALANCE SHEET ACCOUNTS Current Prior Year Year Merchandise inventory Accounts receivable Accounts payable Salaries payable Rent payable Prepaid rent Prepaid insurance $ 68 $ 95 445 261 40 537 219 17 25 Other Data The company issued $24,000, 10 percent bonds payable at par during the year