Some recent financi statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities 24,116 24,800 Accounts payable Cash 23,884 27,800 15,900 Accounts receivable 13,148 Notes payable 17,000 11,500 27,800 Inventory 26,392 Other 12,271 15,700 63,656 68,500 53.155 55,000 Total Total Long-term debt 76,000 94,000 Owners' equity Common stock and paid-n surplus 40,000 40,000 Accumulated retained earnings 226,196 245,000 Fixed assets Net plant and equipment $331,695 $365,500 Total $266,196 $285,000 $395,35 $434,000 Total liabilities and owners' equity $395,35 Total assets $434,000