Problem 12-7A (Part Level Submission Presented below are the financial statements of Kurtzel Company KURTZEL COMPANY Comparative Balance Sheets December 31 2014 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2013 $81,760 46,720 65,408 140,160 $46,720 32,704 46,720 182,208 (74,752) (56,064) $259,296 $252,288 iabilities and Stockholders' Equit Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $35,040 18,688 77,088 32,704 88,768 $259,296$252,288 $44,384 16,352 39,712 42,048 116,800