Exercise 14-3 (Part Level Submission) The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets 76,000 80,600 Current assets 97,900 Property, plant, and equipment (net) 89,400 27,400 38,400 Intangibles $201,300 $208,400 Total assets Liabilities and stockholders' equity Current liabilities 41,200 46,600 Long-term liabilities 144,200 150,400 Stockholders' equity 15,900 11,400 $201,300 $208,400 Total liabilities and stockholders' equity