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) 490 420 580 510 Inventory 120 160 Prepaid expenses Total current assets 1,520 1,450 30 30 Investments 420 380 Property, plant, and equipment (net) 530 510 Intangibles and other assets $2,500 $2,370 Total assets $920 $810 Current liabilities