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The condensed financial statements of Sheridan Company for the years 2021 and 2022 are presented below. SHERIDAN COMPANY Balance Sheets December 31 (in thousands)

The condensed financial statements of Sheridan Company for the years 2021 and 2022 are presented below. SHERIDAN COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 580 510 Inventory 490 420 Prepaid expenses 130 160 Total current assets 1,530 1,450

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