The condensed financial statements of Sheridan Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands.) SHERIDAN COMPANY Balance Sheets December 31 2022 2021 Current assets Cash and cash equivalents $336 $362 Accounts receivable (net) 4141 482 Inventory 362 464 Prepaid expenses 132 104 Total current assets 1,244 1,412 Investments 13 14 Property, plant, and equipment (net) 370 418 Intangibles and other assets 492 500 Total assets $2.119 $2,344 Current liabilities $808 $902 Long-term liabilities 360 3801 Stockholders' equity-common 951 1,062 Total liabilities and stockholders' equity $2,119 $2,344 SHERIDAN COMPANY Income Statements For the Years Ended December 31 Net sales 2022 2021 $3,760 $3,820 Expenses Cost of goods sold 890 978 Selling and administrative expenses 2,310 2.382