Some recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets
Assets									Liabilities and Owners Equity
	2017				2018					2017				2018
Current assets									Current liabilities
Cash	$	24,246			$	26,100			Accounts payable	$	25,184			$	29,100
Accounts receivable		14,448				17,200			Notes payable		20,000				12,800
Inventory		27,992				29,100			Other		13,571				18,100
Total	$	66,686			$	72,400			Total	$	58,755			$	60,000
									Long-term debt	$	89,000			$	103,648
									Owners equity
									Common stock and paid-in surplus	$	50,000			$	50,000
									Accumulated retained earnings		213,626				223,352
Fixed assets
Net plant and equipment	$	344,695			$	364,600			Total	$	263,626			$	273,352
Total assets	$	411,381			$	437,000			Total liabilities and owners equity	$	411,381			$	437,000

SMOLIRA GOLF CORP. 2018 Income Statement
Sales					$	360,968
Cost of goods sold						262,500
Depreciation						29,200
Earnings before interest and taxes					$	69,268
Interest paid						16,300
Taxable income					$	52,968
Taxes (25%)						13,242
Net income					$	39,726
Dividends	$	30,000
Retained earnings		9,726