Some recent financial statements for Smolira Golf Corporation follow.

SMOLIRA GOLF CORPORATION
2020 and 2021 Balance Sheets
Assets	2020	2021	Liabilities and Owners Equity	2020	2021
Current assets			Current liabilities
Cash	$ 24,096	$ 24,600	Accounts payable	$ 23,684	$ 27,600
Accounts receivable	12,948	15,700	Notes payable	14,000	11,300
Inventory	26,242	27,600	Other	12,071	18,100
Total	$ 63,286	$ 67,900	Total	$ 49,755	$ 57,000
			Long-term debt	$ 74,000	$ 70,557
			Owners equity
			Common stock and paid-in surplus	$ 48,000	$ 48,000
			Accumulated retained earnings	221,226	253,444
Fixed assets
Net plant and equipment	$ 329,695	$ 361,100	Total	$ 269,226	$ 301,444
Total assets	$ 392,981	$ 429,000	Total liabilities and owners equity	$ 392,981	$ 429,000

SMOLIRA GOLF CORPORATION
2021 Income Statement
Sales		$ 414,290
Cost of goods sold		265,500
Depreciation		57,700
Earnings before interest and taxes		$ 91,090
Interest paid		14,800
Taxable income		$ 76,290
Taxes (25%)		19,073
Net income		$ 57,218
Dividends	$ 25,000
Retained earnings	32,218

Construct the DuPont identity for Smolira Golf Corporation.