4. Financial statements for Pat and Sci Corporations for 2022 follow (in thousands): Statements of Income...

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4. Financial statements for Pat and Sci Corporations for 2022 follow (in thousands): Statements of Income and Retained Earnings Pal + for the Year Ended December 31 Sci Cost of sales Sales Income from Sci Operating expenses $1.800 $600 76 (1.200) (300) (380) (180) Net Income 296 120 Add: Retained earnings January 1 244 100 Less: Dividends (200) (40) Retained earnings Balance Sheet at December 31 Cash Accounts receivable-net Inventories Advance to Sci Other current assets $ 340 $180 $12 $30 52 40 164 120 40 - 160 10 Land 320 60 Plant assets net 680 460 Investment in Sci 560 Total assets $1,988 $720 Accounts payable $48 $30 Dividends payable - 20 Other liabilities 200 90 Capital stock 1,400 400 Retained earnings 340 180 Total liabilities and stockholders' Equity $1.988 $720 4. Financial statements for Pat and Sci Corporations for 2022 follow (in thousands): Statements of Income and Retained Earnings Pal + for the Year Ended December 31 Sci Cost of sales Sales Income from Sci Operating expenses $1.800 $600 76 (1.200) (300) (380) (180) Net Income 296 120 Add: Retained earnings January 1 244 100 Less: Dividends (200) (40) Retained earnings Balance Sheet at December 31 Cash Accounts receivable-net Inventories Advance to Sci Other current assets $ 340 $180 $12 $30 52 40 164 120 40 - 160 10 Land 320 60 Plant assets net 680 460 Investment in Sci 560 Total assets $1,988 $720 Accounts payable $48 $30 Dividends payable - 20 Other liabilities 200 90 Capital stock 1,400 400 Retained earnings 340 180 Total liabilities and stockholders' Equity $1.988 $720