SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 25,100 16,200 28,100 2017 2018 Current assets Current liabilities $ 23,046 $ 24,184 $ 28,100 11,800 19,100 $ 56,755 59,000 $ 79,00083,424 Cash Accounts Accounts payable Notes payable Other 13,448 20,000 receivable Inventory 26,822 12,571 $ 63,316 69,400 Total Long-term debt Owners' equity Total Common stock and paid-in $ 48,000 48,0oo surplus Accumulated retained 214,256 243,576 earnings Fixed assets Net plant and $334,695 $364,600 Total $262,256$291,576 equipment Total liabilities and owners' Total assets 398,011 $434,000 $ 398,011 $434,000