Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets $330 $360 560 490 510 440 160 1,530 1,450 410 38o 100 530 510 $2,570 $2,440 $910 $880 530 430 1,130 1,130 $2,570 $2,440 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses 130 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets 100 Total assets Current liabilities Long-term liabilities Stockholders equity-common Total liabilities and stockholders' equity