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 $ 23,384 $ 27,300 11,000 16,700 $ 48,155 $ 55,000 $ 71,000$83103 Cash Accounts Accounts payable Notes payable Other 12,648 13,000 receivable Inventory 25,642 11,771 Total Total Long-term debt Owners' equity Common stock and paid-in $ 42.00o 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 liabilities and owners' equity $ 389,051 Total assets $389,051 $429,000 $429,000