The separate condensed balance sheets of Patrick Corporation and its wholly owned subsidiary, Sean Corporation, are as follows: BALANCE SHEErS December 31, 2017 Patrick 80, 000 140, 000 90,000 Sean $ 60,000 25, 000 50,000 625,000 280,000 Cash Accounts receivable (net) Inventories Plant and equipment (net) Investment in Sean Total assets Accounts payable Long-term debt Common stock ($10 par) Additional paid-in capital Retained earnings Total liabilities and 460,000 $1,395, 000 415,000 95,000 110,000 30,000 340,000 50, 000 10, 000 785,000 230,000 $1,395, 000 $415,000 shareholders' equity Additional Information