Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 2015 Current liabilities $ 29,106 Accounts payable $ 30,602 $ 35,485 $ 26,450 Current assets Cash Accounts receivable Inventory Total 13,693 27,931 $ 68,074 18,282 32,586 $ 79,974 15,840 15,280 $ 61,722 $ 95,000 13,500 20,441 $ 69,426 $110,000 Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 45,000 $ 45,000 223,517 253,893 Fixed assets Net plant and equipment 357,165 398,345 $268,517 $298,893 Total Total liabilities and owners' equity Total assets $425,239 $478,319 $425,239 $478,319 SMOLIRA GOLF CORP. 2015 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (35%) Net income Dividends $20,000 Retained earnings 30,376 $422,045 291,090 37,053 $ 93,902 16,400 $ 77,502 27,126 $ 50,376 27. DuPont Identity [LO3] Construct the DuPont identity for Smolira Golf Corp