Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Assets 2020 Current assets Cash $ 23,066 Accounts receivable Inventory $25,300 13,648 16,400 27,152 28,300 Other Total $ 63,866 $70,000 Total Long-term debt Owners' equity 2020 2021 $24,384 $ 28,300 14,000 12,000 12,771 19,700 $51,155 $60,000 $81,000 $ 85,703 Common stock and paid-in surplus $ 55,000 $ 55,000 Accumulated retained earnings 213,406 233,297 Fixed assets $ Net plant and equipment $ 336,695 Total 364,000 268,406 288,297 Total assets $ 400,561 $ 434,000 Total liabilities and owners' equity $ 400,561 434,000