SMOLIRA GOLF CORPORATION

$2023$ and $2024$ Balance Sheets

Assets $20232024$ Liabilities and Owners$$ Equity $20232024$

Current assets Current liabilities

Cash $ $24,126$ $ $24,900$ Accounts payable $ $23,984$ $ $27,900$

Accounts receivable $13,24816,000$ Notes payable $18,00011,600$

Inventory $26,54227,900$ Other $12,37116,500$

Total $ $63,916$ $ $68,800$ Total $ $54,355$ $ $56,000$

Long$-$term debt $ $77,000$ $ $74,606$

Owners$$ equity

Common stock and paid$-$in surplus $ $50,000$ $ $50,000$

Accumulated retained earnings $215,256250,394$

Fixed assets

Net plant and equipment $ $332,695$ $ $362,200$ Total $ $265,256$ $ $300,394$

Total assets $ $396,611$ $ $431,000$ Total liabilities and owners$$ equity $ $396,611$ $ $431,000$