Problem 14-3A [x] Your answer is incorrect. Try again Condensed balance sheet and income statement data for Landwehr Corporation appear belovw. LANDWEHR CORPORATION Balance Sheets December 31 2018 2017 20,000 45,000 95,000 70,000 70,000 $600,000 $80,000 85,000 310,000 125,000 $600,000 2016 18,000 48,000 64,000 45,000 358,000 $533,000 $70,000 50,000 300,000 113,000 $533,000 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $25,000 50,000 90,000 75,000 400,000 $640,000 3 Current liabilities Long-term debt Common stock, $10 par Retained earnings $75,000 80,000 340,000 145,000 $640,000 LANDWEHR CORPORATION Income Statement For the Years Ended December 31 2018 2017 $740,000 $700,000 50,000 Sales revenue Less: Sales returns and allowances 40,000