Some recent financial statements for smolira golf, inc., follow. smolira golf, inc. balance sheets as of december 31, 2013 and 2014 2013 2014 2013 2014assets liabilities and owners’ equity current assets current liabilities cash $ 3,231 $ 3,357 accounts payable $ 2,148 $ 2,590 accounts receivable 4,772 5,791 notes payable 1,745 2,106 inventory 12,458 13,792 other 89 106 total $ 20,461 $ 22,940 total $ 3,982 $ 4,802long-term debt $ 13,500 $ 16,260owners’ equity common stock and paid-in surplus $ 37,500 $ 37,500 fixed assets accumulated retained earnings 15,649 39,039 net plant and equipment $ 50,170 $ 74,661 total $ 53,149 $ 76,539 total assets $ 70,631 $ 97,601 total liabilities and owners’ equity $ 70,631 $ 97,601smolira golf, inc.2014 income statement sales $ 187,170 cost of goods sold 126,103 depreciation 5,343 ebit $ 55,724 interest paid 1,440 taxable income $ 54,284 taxes 18,999 net income $ 35,285 dividends $ 11,895 retained earnings 23,390