a.

a.

b.c.

Exercise 13-18 Prior Company's condensed financial statements provide the following information. PRIOR COMPANY BALANCE SHEET Dec. 31, 2014 Dec. 31, 2013 53,030 61,680 Cash Accounts receivable (net) 157,800 85,200 Short-term investments 85,200 44,400 Inventory 446,400 365,300 Prepaid expenses 3,600 7,200 746,030 otal current assets 563,780 Property, plant, and equipment (net) 859,900 903,100 $1,649,130 $1,423,680 Total assets 158,380 Current liabilities 235,630 Bonds payable 427,900 427,900 Common stockholders' equity 837,400 985,600 $1,649,130 $1,423,680 Total liabilities and stockholders' equity