2020 2021 Assets Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2020 2021 Liabilities and Owners' Equity Current liabilities $ 35,285 $ 38,664 Accounts payable 18,251 28,576 Notes payable 3,880 42,992 Other $ 38,232 $ 43,032 19,908 16,875 20,674 25,354 Total $ 57,416 $ 110,232 Total $ 78,814 $ 85,261 Long-term debt $ 119,500 183,060 Owners' equity Common stock and paid-in surplus $ 55,900 $ 55,900 Accumulated retained earnings 268,442 306,994 Fixed assets Net plant and equipment 465,240 520,983 Total $ 324,342 362,894 Total assets $ $631,215 Total liabilities and owners' equity 522,656 522,656 $ 631,215 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales $ 510,954 Cost of goods sold 362,478 Depreciation 45,588 Earnings before interest and taxes $ 102,888 Interest paid 20,583 Taxable income Thune Im, $ 82,305 1073 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 510,954 362,478 45,588 Earnings before interest and taxes Interest paid $ 102,888 20,583 Taxable income Taxes (24%) $ 82,305 19,753 Net income $ 62,552 Dividends Retained earnings $ 24,000 38,552 Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 35,285 SMOLIRA GOLF CORPORATION Statement of Cash Flows For 2021 Cash, beginning of the year Operating activities Net income 'Add: Depreciation Add: Increase in accounts payable Add: Increase in other current liabilities Add: Increase in accounts receivable eceivable Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of vear