\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{SMOLIRAGOLFCORPORATION2020and2021BalanceSheets} \\ \hline Assets & 2020 & 2021 & Liabilities and Owners' Equity & 2020 & 2021 \\ \hline Current assets & & & Current liabilities & & \\ \hline Cash & $35,285 & $38,664 & Accounts payable & $38,232 & $43,032 \\ \hline Accounts receivable & 18,251 & 28,576 & Notes payable & 19,908 & 16,875 \\ \hline Inventory & 3,880 & 42,992 & Other & 20,674 & 25,354 \\ \hline \multirow[t]{5}{*}{ Total } & $57,416 & $110,232 & Total & $78,814 & $85,261 \\ \hline & & & Long-term debt & $119,500 & $183,060 \\ \hline & & & Owners' equity & & \\ \hline & & & Common stock and paid-in surplus & $55,900 & $55,900 \\ \hline & & & Accumulated retained earnings & 268,442 & 306,994 \\ \hline Fixed assets & & & & & \\ \hline Net plant and equipment & $465,240 & $520,983 & Total & $324,342 & $362,894 \\ \hline Total assets & $522,656 & $631,215 & Total liabilities and owners' equity & $522,656 & $631,215 \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{SMOLIRAGOLFCORPORATION2021IncomeStatement} \\ \hline Sales & $510,954 \\ \hline Cost of goods sold & 362,478 \\ \hline Depreciation & 45,588 \\ \hline Earningsbeforeinterestandtaxes & $102,888 \\ \hline Interest paid & 20,583 \\ \hline Taxable income & $82,305 \\ \hline Taxes (24\%) & 19,753 \\ \hline Net income & $62,552 \\ \hline Dividends & \\ \hline Retained earnings & \\ \hline \end{tabular}