SMOLIRA GOLF, INCORPORATED
Balance Sheets as of December 31, 2021 and 2022
Assets	2021	2022	Liabilities and Owners Equity	2021	2022
Current assets			Current liabilities
Cash	$ 2,971	$ 2,907	Accounts payable	$ 2,193	$ 2,680
Accounts receivable	4,727	5,701	Notes payable	1,790	2,196
Inventory	12,638	13,702	Other	98	115
Total	$ 20,336	$ 22,310	Total	$ 4,081	$ 4,991
			Long-term debt	$ 14,100	$ 16,860
			Owners equity
			Common stock and paid-in surplus	$ 42,000	$ 42,000
Fixed assets			Accumulated retained earnings	15,694	39,696
Net plant and equipment	$ 55,539	$ 81,237	Total	$ 57,694	$ 81,696
Total assets	$ 75,875	$ 103,547	Total liabilities and owners equity	$ 75,875	$ 103,547

SMOLIRA GOLF, INCORPORATED
2022 Income Statement
Sales	$ 188,970
Cost of goods sold	127,003
Depreciation	5,253
EBIT	$ 56,714
Interest paid	1,350
Taxable income	$ 55,364
Taxes	19,377
Net income	$ 35,987
Dividends	$ 11,985
Retained earnings	24,002