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 24,096 24,600 23,684 27,600 Cash Accounts payable 12,948 15,700 11,300 Accounts receivable Notes payable 14,000 26,242 27,600 12,071 Inventory Other 18,100 63,286 67,900 49,755 57,000 Total Total Long-term debt 74,000 82,000 Owners' equity Common stock and paid-in surplus 48,000 48,000 221,226 Accumulated retained earnings 242,000 Fixed assets Net plant and equipment $329,695 $361,100 Total $269,226 $290,000 $392,981 $429,000 $392,981 $429,000 Total liabilities and owners' equity Total assets