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Use the following to answer questions 18-21 The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2018 are as follows:

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Use the following to answer questions 18-21 The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2018 are as follows: Goebel Company Balance Sheet December 31,2018 Assets $2,400,000 Liabilities Capital stock Retained earnings Total equities $ 300,000 1,200,000 900,000 Dobbs Company Balance Sheet December 31, 2014 Assets S1,800,000 Liabilities Capital stock Retained earnings Total equities s 410,000 1,150,000 240,000 $1,800,000

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