Some recent financial 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 Cash Accounts receivable Inventory $23,066 13,648 27,152 $25,300 16,400 28,300 Accounts payable Notes payable Other $24,384 14,000 12,771 $28,300 12,000 19,700 Total $ 63,866 $70,000 Total $51,155 $ 60,000 Long-term debt Owners' equity $ 81,000 $ 90,000 Common stock and paid-in surplus Accumulated retained earnings 55,000 213,406 $55,000 229,000 Fixed assets Net plant and equipment $336,695 $364,000 Total $268,406 $284,000 Total assets $400,561 $434,000 Total liabilities and owners' equity $400,561 $434,000