Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Liabilities and Owners' Equity Assets 2014 2015 2014 2015 Current assets Current liabilities 24,584 28,500 Cash 23,086 25,500 Accounts payable 16,600 Notes payable 13,848 12,200 Accounts receivable 15,000 27,362 28,500 12,971 18,300 Inventory Other 52,555 59,000 Tota 64,296 70,600 Tota Long-term debt 55,000 61,000 Owners' equity Common stock and paid-in surplus 52,000 52,000 243,436 Accumulated retained earnings 263,000 Fixed assets $295,436 $364,400 $315,000 Net plant and equipment $33 Total $402,991 $435,000 $402,991 Total assets Total liabilities and owners' equity $435,000