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The condensed financial statements of Sheridan Company for the
years 2016 and 2017 are presented as follows. (Amounts in
thousands.)
SHERIDAN COMPANY
Balance Sheets
December 31
2017
2016
Current assets
   Cash and cash equivalents
$330
$360
   Accounts receivable (net)
660
590
   Inventory
660
590
   Prepaid expenses
120
160
     Total current assets
1,770
1,700
Investments
200
200
Property, plant, and equipment (net)
420
380
Intangibles and other assets
530
510
     Total assets
$2,920
$2,790...