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Do It! Review 13-3 The condensed financial statements of horse Co. for the years 2016 and 2017 are presented as follows. (Amounts in thousands WILDHORSE CO Balance Sheets December 31 2017 2016 Current assets $360 Cash and cash equivalents $330 Accounts receivable (net) 510 440 470 Inventory 540 120 160 Prepaid expenses 1,500 1,430 Total current assets Investments 50 50 Property, plant, and equipment (net) 380 530 510 Intangibles and other assets $2,500 $2,370 Total assets Current liabilities $940 $830 Long-term liabilities 490 460 Stockholders' equity-common 1,070 1,080 $2,500 $2,370 Total liabilities and stockholders' equity WILDHORSE CO Income Statements For the Year Ended December 31 2017 2016 $3,880 $3,540 Sales revenue