PLEASE SHOW WORK

PLEASE SHOW WORK

Some recent financial statements for Smolira Golf Corp. follovw SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2014 2015 2015 Current assets Current liabilities $ 24,086 12,848 26,042 $ 23,584 15,000 11,971 $ 27,500 11,200 18,300 $ 24,500 Cash Accounts receivable Inventory 15,600 27,500 Accounts payable Notes payable Other 62,976 67,600 $ 50,555 $ 57,000 60,000 Long-term debt Owners' equity $ 73,000 Common stock and paid-in surplus Accumulated retained earnings 44,000 237,116 $ 44,000 256,000 Fixed assets Net plant and equipment $328,695 $362,400 Total $281,116 $300,000 Total assets $391,671 $430,000 Total liabilities and owners' equity $391,671 $430,000