00 points Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liablities and Owners Equity Current assets Current lablities Cash Accounts recelvable 4,702 2657 5,651 $ 2,821 S 2,657 Accounts payable 2,73 Notes payable Other s 2,218 1,815 103 2 246 120 s17,360 $44,500 $44,500 12,738 13,652 21,960 Total Total 14,600 Owners equity Common stock and paid-in surplus Accumulated retained earrings 5,719 40.061 $60 219 84.561 $78,955 $107,017 Fued assets $58,694 $85,057 $78,955 $107,017 Total liabiliies and owners' equity Total Net plald and equipment Total assets SMOLIRA GOLF 2016 Income Statement 5189,970 127,503 Cost of goods sold Depreciation EBIT Interest paild Taxable income 1,300 5364 19,587 $ 36,377 Taxes Net income $12,035 24,342 Retained earnings 8