prepare a condensed balance sheet

Practice Exercise 01 a-b (Part Level Submission) 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 $74,500$82,000 99,20090,000 26,000 40,200 $199,700$212,200 Total assets Liabilities and stockholders' equity Current liabilities Long-term liabilities Stockholders' equity $ 42,000$48,000 141,000149,000 16,700 15,200 $199,700 $212,200 Total liabilities and stockholders' equity Condensed Balance Sheets Increase Decrease) Percentage Change from 2016 2017 2016 Assets $74,500 $82,000 99,200 90,000 26,000 40,200 $199,700 $212,200 Current assets Property, plant&equipment (net) Intangibles Total assets Liabilities and stockholders' Equity $42,000 $48,000 141,000 149,000 16,700 15,200 $199,700 $212,200 Current liabilities Long-term liabilities Stockholders' equity Total liabilities and stockholders' equity