4 Some recent financial statements for Smolira Golf Corp. follow, Assets 2017 2018 SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Cash Hent Print eferences Accounts receivable Inventory Total $ 23,066 13,648 27152 $ 25,300 16,400 28,300 Current liabilities Accounts payable Notes payable Other $ 24,384 14,000 12,771 $ 28.300 12,000 19,700 $ 63,866 $ 70,000 Total $ 51,155 $ 60,000 Long-term debt $ 81,000 $ 85,703 Owners' equity Common stock and paid-in $ 55,000 $ 55,000 surplus Accumulated retained 213,406 233,297 earnings Fixed assets Net plant and equipment $336,695 $364,000 Total $268,406 $288,297 Total liabilities and owners' Total assets $ 400,561 $434,000 $ 400,561 $434,000 equity Mext