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 $ 72,400 $78,600 92,000 41,000 $195,500 $211,600 97,700 25,400 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $42,800 $49,800 40,200 151,000 10,800 $195,500 $211,600 12,500 Total liabilities and stockholders' equity