Exercise 18-3 The comparative condensed balance sheets of Gurley Corporation are presented below GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assetS Property, plant, and equipment (net) Intangibles $ 73,500 78,400 91,000 40,600 $198,300 $210,000 98,600 26,200 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $41,800 47,400 142,600 149,400 13,200 $198,300 $210,000 13,900 Total liabilities and stockholders' equity