$57,416 $110,232 2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Assets Current assets Cash $ 35,285 $ 38,664 Accounts receivable Inventory Total 18,251 28,576 3,880 42,992 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable 2020 2021 $ 38,232 $ 43,032 19,908 16,875 20,674 25,354 $ 78,814 $ 85,261 Other Total 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 Total $ 324,342 465,240 520,983 362,894 Total assets $ 522,656 $ $631,215 Total liabilities and owners' equity $631,215 522,656 Sales SMOLIKA GOLF CORPORATION 2021 Income Statement Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (24%) Net income $ 510,954 362,478 45,588 $ 102,888 20,583 $ 82,305 19,753 $ 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.) SMOLIRA GOLF CORPORATION Statement of Cash Flows Cash, beginning of the year Operating activities For 2021 Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year