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 $ 4,607 6,702 17.357 4,910 Accounts payable 3,413 3,846 3,416 165 s 6.319 $ 7.427 $22,500 19,000 8,149 Notes payable 2,768 -19.350 other Total $28.666 $ 32,409Total Long-term debt Owners' equity Common stock and paid-in surplus $38,000 Accumulated retained earnings 38,000 20,535 44.792 Fixed assets Net plant and equipment Total assets 58,68876,810 $87.354 $109.219 Total liabilities and owners' equity Total $58,535 $ 82,792 $87,354 $109,219