Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Cash Accounts $ 35,185 18,201 $ 38,572 Current liabilities Accounts payable $ 38,042 $ 42,982 28,486 Notes payable receivable Inventory 3,850 42,952 Other 19,808 20,584 16,800 25,274 Total $ 57,236 $ 110,010 Total $ 78,434 $ 85,056 Long-term debt $ 119,000 $ 184,427 Owners' equity Common stock and paid-in $ 55,800 $ 55,800 surplus Accumulated retained 269,127 305,560 earnings Fixed assets Net plant and equipment $465,125 $520,833 Total $324,927 $ 361,360 Total liabilities and owners' Total assets $522,361 $630,843 $522,361 $ 630,843 equity