The comparative condensed balance sheets of Gurley Corporation are presented below. GURLEY CORPORATION Comparative Condensed Balance Sheets December 31 2017 2016 Assets Current assets $76,000 $79,400 Property, plant, and equipment (net) 99,000 89,600 Intangibles 27,800 38,000 Total assets $202,800 $207,000 Liabilities and stockholders' equity Current liabilities $41,000 $49,600 Long-term liabilities 144,800 150,000 Stockholders' equity 17,000 7,400 Total liabilities and stockholders' equity $202,800 $207,000