Analysts following the Cullumber Golf Company were given the following balance sheet information for the years ended June 30, 2017, and June 30, 2016: Assets 2017 2016 Cash and marketable securities $33,411 $16,566 Accounts receivable 258,505 318,768 Inventory 425,519 352,740 Other current assets 41.251 29.912 Total current assets $758,686 $717,986 Plant and equipment 1,958,719 1,609,898 Less: Accumulated depreciation (446,044) (206,678) Net plant and equipment $1,512,675 $1,403,220 Goodwill and other assets 382,145 412,565 Total assets $2,653,506 $2,533,771 Liabilities and Equity 2017 2016 Accounts payable and accruals $378,236 $332,004 Notes payable 14,487 7,862 Accrued income taxes 21,125 16,815 Total current liabilities $413,848 $356,681 Long-term debt 703,081 793,515