**THE ANSWER IS NOT 347.45**

SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners Equity 2018 S 35,385 38,756 28,666 43,032 S 57,596 $110,454 2017 2017 2018 Current assets Current liabilities S 38,422 43,082 16,950 25,434 S 79,194 $ 85,466 $120,000 185,692 Cash Accounts Accounts payable Notes payable Other 18,301 20,008 receivable Inventory 3,910 20,764 Total Total Long-term debt Owners' equity Common stock and paid-in S 56,000 56,000 surplus Accumulated retained 267,757 304,430 earnings Fixed assets Net plant and $465,355 521,133 Total $323,757 $360,430 equipment Total liabilities and owners S522,951 $631,587 equity Total assets $522,951 $631,587