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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 Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory $ 3,031 3,007 5,721 13,722 $20,366 22.450 Accounts payable Notes payable Other $ 2,183 2,660 2,176 113 $4,0594,949 $13,900 16,660 4,737 12,598 1,780 96 Total Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $41,000 41,000 39,550 $56,684 $ 80,550 $74,643 $102,159 Fixed assets 15,684 $54,277 79,709 $74,643 $102,159 Tota labilities and owners' equity Net plant and equipment Total Total assets SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income $188,570 126,803 5,273 $ 56,494 1,370 $ 55,124 19,293 $ 35,831 Dividends Retained earnings $11,965 23,866