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The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented below. BLOSSOM COMPANY Balance Sheets December 31 (in thousands)

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The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented below. BLOSSOM COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 630 560 Inventory 580 510 Prepaid expenses 130 160 Total current assets 1,670 1,590 Property, plant, and equipment (net) 410 380. Investments 170 170 Intangibles and other assets 530 510 Total assets $2,780 $2,650 Current liabilities: $980 $950

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