The condensed financial statements of Pharoah Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) PHAROAH COMPANY Balance Sheets December 31 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 590 520 Inventory 660 590 Prepaid expenses 120 160 Total current assets 1,700 1,630 Investments 130 130 Property, plant, and equipment (net) 420 380 Intangibles and other assets 530 510 Total assets $2,780 $2,650 Current liabilities $1,020 $910 Long-term liabilities 610 580 Stockholders' equity-common 1,150 1,160 Total liabilities and stockholders' equity $2,780 $2,650