The condensed financial statements of Pharoah Company for the years 2021 and 2022 are presented below. PHAROAH COMPANY Balance Sheets December 31 (in thousands) 20222021 Current assets Cash and cash equivalents Accounts receivable (net) Inventory $330570640$360500570 Prepaid expenses Total current assets 1,6701301,590160 Property, plant, and equipment (net) Investments Intangibles and other assets Total assets $920$2,720=$890$2,590