The financial statements for Thor and Gunnar companies are summarized here: Thor Company Gunnar Company Balance Sheet Cash $ 45,000 $ 42,000 Accounts Receivable, Net 87,000 38,000 Inventory 174,000 50,000 Equipment, Net 790,000 212,000 Other Assets 206,000 78,400 Total Assets $ 1,302,000 $ 420,400 Current Liabilities $ 188,000 $ 38,000 Notes Payable (long-term) (12% interest rate) 286,000 86,000 Common Stock (par $20) 682,000 262,000 Additional Paid-In Capital 80,000 14,800 Retained Earnings 66,00