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The working capital at the end of Year 2 is:

$ 530 thousand

$ 1,050 thousand

$ 1,080 thousand

$ 950 thousand

Hartzog Corporatlon's most recent balance sheet and Income statement appear below: Statement of Financlal Positlon December 31, Year 2 and Year 1 (In thousands of dollars) Assets Current assets Cash 300 270 360 380 Accounts receIvable Inventory 250 260 Prepaid expenses 20 20 Total current asset 950 910 Pant and equipment net 830 840 Total assets LS1750 Liabilities and Stockholders' Equity Current lab lties: Accounts payable 320 290 Accrued lablittle 20 20 80 80 Notes payable, short term Total current liabilitles 420 390 Bond payable 280 300 700 690 Total liablites Stockholders' equity Preferred stock, $100 par value, 4.0% 100 1000 Common stock. S2 par value 400 400 310 310 I pald-In-capital--common stock Retained earnings 270 250 Tota Stockholders equit T 1.080 1.060 Total liabilities & stockholders' equlty Income Statement For the Year Ended December 31, Year 2 (In thousands of dollars) $1.470 Sales (all on account) Cost goods sold 760 Gross margin 710 Selling and administratve expense 567 Net Operating Income 143 Interest expense 37 106 me before taxes Income taxes 30% 32 Net Income DIvidends on common stock durIng Year 2 totaled $50 thousand. Dividends on preferred stock totaled $4 thousand. The market price of common stock at the end of Year 2 was $716 per share. The working capital at the end of Year 2 ls

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