ome recent financial statements for Smolira Golf, Inc., follow s as of 2014 31, 2013 and 2014 2013 2013 Liabilities and Owners' Equity 2014 Current assets Current liabilities Cash Accounts receivable Inventory 4,607 4,910 Accounts payable 6,702 8,149 Notes payable 17,357 19,350 Other s 3,413 s3,846 3,416 165 2,768 138 Total $28,666 s 32.409 Total $ 6,319 S 7,427 $22.500 $ 19,000 Long-term debt Owners equity Common stock and paid-in surplus Accumulated retained earnings $38,000 $ 38,000 20.53544.792 Fixed assets Net plant and equipments 58,688 $ 76810 Total $58535 S 82,792 Total assets $87,354 $109.219 Total liabilities and owners' equity $87,354 $ 109.219 SMOLIRA GOLF, INC. 2014 Income Statement S205.227 138,383 5,910 Gost of goods sold EBIT $ 60,934 1,617 5 59,317