2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets Current assets Cash $ 36,085 Accounts receivable Inventory $39,400 18,651 29,296 4,120 43,312 Total $ 58,856 $112,008 Total Long-term debt Fixed assets Other Owners' equity Common stock and paid-in surplus Accumulated retained earnings Net plant and equipment $466,160 $ 522,183 Total 2020 2021 $39,752 $43,432 20,708 17,475 21,394 25,994 $ 81,854 $ 86,901 $123,500 $187,898 $ 56,700 $ 56,700 262,962 302,692 $319,662 Total assets $525,016 $634,191 Total liabilities and owners' equity 359,392 $525,016 $634,191