Problem 14-3A Condensed balance sheet and income statement data for Landwehr Corporation appear LANDWEHR CORPORATION Balance Sheets December 31 2018 $25,000 50,000 90,000 75,000 2017 $20,000 45,000 95,000 70,000 2016 Cash Accounts receivable (net) Other current assets Investments $18,000 48,000 64,000 45,000 Plant and equipment (net) 400,000 370,000 358,000 $533,000 $70,000 50,000 300,000 113,000 $533,000 $640,000 $75,000 80,000 340,000 145,000 $640,000 $600,000 $80,000 85,000 310,000 125,000 $600,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 2017 $740,000 $700,000 40,000 5010 Sales revenue Less: Sales returns and allowances Net sales Cost of goods sold Grocs nrofit 50,000 650,000 400,000 250 n0o 700,000 420,000