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TB Problem Qu. 14-234 (Algo) Hyrkas Corporation's most recent balance... Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance sheet December 31, Year 2 and Year 1 (in thousands of dollars) Assets Current assets: Cash. Accounts receivable, net Inventory Prepaid expenses Total current assets plant and equipment, net Total assets Year 2 Year 1 \begin{tabular}{rr} $195 & $280 \\ 310 & 330 \\ 280 & 250 \\ 20 & 20 \\ \hline 805 & 880 \\ 1,030 & 1,100 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: Accounts payable Acorued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stoekholders' equity: Common stock, \$2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities 's stockholders' equity \begin{tabular}{rr} $250 & $280 \\ 50 & 50 \\ 40 & 40 \\ \hline 340 & 370 \\ 240 & 390 \\ \hline 580 & 760 \\ \hline \end{tabular} Income statement For the Year Inded December 31, Year 2 (in thousands of dollars) Sales (all on account) \begin{tabular}{rr} 200 & 200 \\ 330 & 330 \\ 725 & 690 \\ \hline 1,255 & 1,220 \\ \hline$1,835 & $1,980 \end{tabular} Cost of goods sold $1,440 TB Problem Qu. 14-234 (Algo) Hyrkas Corporation's most recent balance... Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance sheet December 31, Year 2 and Year 1 (in thousands of dollars) Assets Current assets: Cash. Accounts receivable, net Inventory Prepaid expenses Total current assets plant and equipment, net Total assets Year 2 Year 1 \begin{tabular}{rr} $195 & $280 \\ 310 & 330 \\ 280 & 250 \\ 20 & 20 \\ \hline 805 & 880 \\ 1,030 & 1,100 \\ \hline$1,835 & $1,980 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current liabilities: Accounts payable Acorued liabilities Notes payable, short term Total current liabilities Bonds payable Total liabilities Stoekholders' equity: Common stock, \$2 par value Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities 's stockholders' equity \begin{tabular}{rr} $250 & $280 \\ 50 & 50 \\ 40 & 40 \\ \hline 340 & 370 \\ 240 & 390 \\ \hline 580 & 760 \\ \hline \end{tabular} Income statement For the Year Inded December 31, Year 2 (in thousands of dollars) Sales (all on account) \begin{tabular}{rr} 200 & 200 \\ 330 & 330 \\ 725 & 690 \\ \hline 1,255 & 1,220 \\ \hline$1,835 & $1,980 \end{tabular} Cost of goods sold $1,440

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