9 SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2 2018 $24,226 $25,900o 17,000 27802 28,900 $ 66,276 $71,800 2017 2017 2018 Current assets Current liabilities Cash Accounts Accounts payable Notes payable Other $24,984 28,900 12,600 17,500 $55,355 59,000 $124,000127662 14,248 17,000 receivable Hint Inventory 13,371 Total Total Long-term debt Owners' equity Common stock and paid-in $ 60,000 $ 60,000 surplus Accumulated retained 169,616 189,338 earnings Fixed assets Net plant and equipment $342,695 $364,200 Total $229,616 $249,338 Total liabilities and owners $408,971 $436,000 Total assets $408,971 $436,000 2018 I Cost of goods sold 261,500 50,900 s 78,077 and taxes Hint 61,977 14,255 Taxes (23%) $47,722 $28,000 (Round your answer to 2 mai place. ng, (Do not