Exercise 13-3 Here is financial information for Teal Mountain Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings December 31, 2017 $110,800 404,800 103,800 126,800 134,800 150,200 December 31, 2016 94,800 354,800 69,800 94,800 119,800 165,200