SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities 34,385 37,837 27,766 42,632 $ 88,496 $108,235 $ 36,722 42,582 16,200 24,634 $ 83,416 $115,000 $145,000 Cash Accounts Accounts payable Notes payable Other 17,801 19,008 19,864 $ 75,594 receivable Inventory 36,310 Total Total Long-term debt Owners' equity Common stock and paid-in 55,000 $55,000 surplus Accumulated retained 307,217 344,452 earnings Net plant and equipment $464,315 $519,633 Total $362,217 $399,452 Total liabilities and owners' Total assets $552,811 $627,868 $552,811 $627,868