SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 24,066 24,300 15,400 27,300 $ 62,356 67,000 Accounts payable Notes payable Other $23,384$ 27,300 11,000 16,700 $ 48155 $55,000 $ 71,000 83,103 Cash Accounts 12,648 13,000 receivable Inventory 25,642 11,771 Total Total Long-term debt Owners' equity Common stock and paid-in $ 42,000 42,000 surplus Accumulated retained 227,896 248,897 earnings Fixed assets Net plant and $326,695 $362,000 Total $269,896 $290,897 equipment Total assets $389,051 $429,000 Total liabilities and owners' $ 389,051 $429,000 uI