Current assets Cash Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Accounts $ 34,685 17,951 $ 38,112 Current liabilities Accounts payable $ 37,092 $ 42,732 receivable Inventory 3,700 28,036 42,752 Notes payable 19,308 16,425 Other 20,134 24,874 Total $ 56,336 $108,900 Total $ 76,534 $ 84,031 Long-term debt $ 116,500 $ 179,379 Owners' equity Common stock and paid-in $ 55,300 $ 55,300 surplus Accumulated retained 272,552 310,273 earnings Fixed assets Net plant and equipment $464,550 $520,083 Total $327,852 $365,573 Total assets Total liabilities and owners' $520,886 $628,983 $520,886 $628,983 equity