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please answer these questions! Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December

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Question 1 The comparative condensed balance sheets of Gurley Corporation are presented below. 2016 GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets $ 74,500 Property, plant, and equipment (net) 97,500 Intangibles 28,200 Total assets $200,200 Liabilities and stockholders' equity Current liabilities $ 41,800 Long-term liabilities 141,800 Stockholders' equity 16,600 Total liabilities and stockholders' equity $200,200 $ 81,600 91,000 39,000 $211,600 $ 47,400 151,200 13,000 $211,600 2017 2016 Increase (Decrease) Percentage Change from 2016 Assets Current assets $74,500 $81,600 % Property, plant & equipment (net) 97,500 91,000 % Intangibles 28,200 39,000 % Total assets $200,200 $211,600 % Liabilities and stockholders' Equity Current liabilities $41,800 $47,400 96 Long-term liabilities 141,800 151,200 Stockholders' equity 16,600 13,000 % Total liabilities and stockholders' equity $200,200 $211,600 V Amount Percent Assets Current assets $74,500 % Property, plant, and equipment (net) 97,500 % Intangibles 28,200 % Total assets $200,200 % Liabilities and stockholders' equity Current liabilities $41,800 % Long-term liabilities 141,800 % Stockholders' equity 16,600 % Total liabilities and stockholders' equity $200,200 %

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