Assets 2021 Current assets Cash $ 23,066 Accounts receivable Inventory 27,152 $25,300 13,648 16,400 28,300 Other Total $ 63,866 $70,000 Total 2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 24,384 $ 28,300 14,000 12,000 12,771 19,700 $51,155 $60,000 Long-term debt $ 81,000 $ 85,703 Owners' equity ces Fixed assets Net plant and equipment $ 336,695 Total 364,000 Common stock and paid-in surplus $ 55,000 $55,000 Accumulated retained earnings 213,406 233,297 $ 268,406 288,297 $ Total assets $ 400,561 $ 434,000 Total liabilities and owners' equity $ 400,561 434,000 SMOLIRA GOLF CORPORATION 2021 Income Statement