Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 2015 Current assets Current liabilities Cash Accounts receivable Inventory 14,248 27,802 $ 25,900 17,000 28,900 Accounts payable Notes payable Other $ 24,984 17,000 13,371 $ 28,900 12,600 17,500 Total $ 66,276 $ 71,800 Total $ 55,355 $59,000 $124,000 Long-term debt Owners' equity $132,000 Common stock and paid-in surplus Accumulated retained earnings 60,000 169,616 60,000 185,000 Fixed assets Net plant and equipment $342,695 $364,200 Total $229,616 $245,000 Total assets $408,971 $436,000 Total liabilities and owners' equity $408,971 $436,000