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 Accounts payable 24,136 25,000 24,084 28,000 Cash 13,348 16,100 Notes payable 19,000 11,700 Accounts receivable 26,722 12,471 28,000 Inventory Other 18,300 s 64,206 s 69,100 Total Total 55,555 58,000 Long-term debt 78,000 89,000 Owners' equity Common stock and paid-in surplus 60,000 60,000 204,346 226,000 Accumulated retained earnings Fixed assets Net plant and equipment $333,695 $363,900 $264,346 $286,000 Total Total liabilities and owners' equity $397,901 $433,000 $397,901 $433,000 Total assets