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SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities
SMOLIRA GOLF, INC Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable Inventory $ 3,061 $3,057 5,731 13,732 $20,381 22,520 Accounts payable Notes payable Other $ 2,178 $ 2,650 2,166 112 $4,048$ 4,928 $12,900 15,660 4,742 12,578 1,775 95 Total Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $40,500 40,500 39,477 $56,179 $ 79,977 $73,127 $100,565 Fixed assets 15,679 Net plant and equipment Total assets Total $52,746 $ 78,045 $73,127 $100,565 Total liabilities and owners' equity SMOLIRA GOLF, INC 2016 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income laxes Net income $188,370 126,703 5.283 $ 56,384 1,380 $ 55,004 19,251 $ 35,753 Dividends Retained earnings $11,955 23,798
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