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*Exercise 14-3 The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 Assets Current assets 72,600 78,800 Property, plant, and equipment (net) 98,600 88,000 25,000 38,400 Intangibles Total assets 196,200 205,200 Liabilities and stockholders' equity Current liabilities 40,800 48,200 Long-term liabilities 143,000 148,800 12,400 Stockholders' equity 8,200 Total liabilities and stockholders' equity 196,200 205,200