The condensed financial statements of Murawski Company for the years 2016 and 2017 are presented below. (Amounts in thousands.) MURAWSKI COMPANY Balance Sheets December 31, 2017 2016 Current assets 348 350 Cash and cash equivalents 476 408 Accounts receivable (net) Inventory 380 430 Prepaid expenses 130 100 1,266 Total current assets 1,356 Investments 15 13 Property, plant, and equipment 380 392 Intangibles and other assets 494 502 $2,155 $2,263 Total assets Current liabilities 9000 768 Long-term liabilities 398 412 Stockholders' equity-common 989 951 $2,155 $2,263 Total liabilities and stockholders' equity MURAWSKI COMPANY Income Statements For the Years Ended December 31 2017 2016 Sales revenue $3,940 $3,820 Costs and expenses Cost of goods sold 898 944