er 3 Assignment Some recent financial statements for Smolina Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity Assets 2017 2018 2017 2018 $ 35.785 18.501 4030 Accounts receivable Inventory Current abilities Accounts payable Notes payable Other $39124 29.026 43.192 $ 39182 20,40B 21,124 543.282 17250 25,754 Total $ 58,316 $ 111,342 Total $ 80,714 S 86.286 Long-term debt $122,000 $ 188,105 Owners' equity Common stock and paid-in surplus Accumulated retained earrings $ 56.400 265,017 $ 56.400 302.284 Fixed assets Net plant and equipment $465,815 5521733 Total $ 321417 $358,684 Total assets $ 524,131 $633,075 Total liabilities and owners equity $ 524,131 $633.075 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold