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Please answer the complete question! Thank You! Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total
Please answer the complete question! Thank You!
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 $ 23,996 13,948 Sales Cost of goods sold Depreciation $25,600 16,700 27.462 28,600 $ 65,406 $70,900 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $ 405,101 Fixed assets Net plant and equipment $339,695 $361,100 Total 432,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Accounts payable Notes payable Other Total Total liabilities and owners' equity 376,068 260,000 49,450 2020 Long-term debt Owners' equity Common stock and paid-in surplus $60,000 $60,000 Accumulated retained earnings 207,346 220,460 $24,684 $28,600 16,000 12,300 13,071 19,100 2021 $53,755 $ 60,000 $ 84,000 $91,541 $ 267,346 $405,101 $ 280,460 432,000
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