ter 3 Homework 0 Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2017 2018 Current assets Current liabilities 8.301 38756 8,301 28,666 s 35,385 $38,756 Accounts payable 38,422 $43,082 20.008 16.950 20,764 25,434 $79,194 85,466 $120,000 $185,692 Notes payable 25 434 3.910 43,032 Other Total 57,596 $110,454 Total Long-term debt Owners' equity Common stock and paid-in s 56.000 $56,000 surplus Accumulated retained earnings 267757 304,430 Fixed assets Net plant and $465,355 $ 521133 Total $323,757 $360,430 Total labilities and owners' $522.951 $631,587 Total assets SMOLIRA GOLF CORP $ 511,454 Cost of goods sold