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Please answer the complete question! Thanks! Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total
Please answer the complete question! Thanks!
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets $ 24,096 $ 24,600 12,948 15,700 26,242 27,600 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $63,286 $ 67,900 Fixed assets Net plant and equipment $ 329,695 $361,100 $ 392,981 Sales Cost of goods sold Depreciation Earnings before interest and 429,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Accounts payable Notes payable Other Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $414,290 265,500 57,700 Total liabilities and owners' equity $91090 Total 2020 $ 23,684 $27,600 14,000 11,300 12,071 18,100 $49,755 $ 57,000 $74,000 $70,557 2021 $ 48,000 $48,000 221,226 253,444 $ 269,226 $ 392,981 $ 301,444 429,000
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