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Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Total $ 24,046 12,448 25,392 $ 61,886 $ 24, 255 15,235 27,155 $ 66,645 Liabilities
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory Total $ 24,046 12,448 25,392 $ 61,886 $ 24, 255 15,235 27,155 $ 66,645 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 23, 184 Notes payable 12,000 Other 11,571 Total $ 46,755 Long-term debt $ 80,000 Owners' equity Common stock and paid-in surplus $ 40,000 Retained earnings 219,826 Total $ 259,826 Total liabilities and owners' equity $386,581 $ 27,420 10,800 15,553 $ 53, 773 $ 95,000 Fixed assets Net plant and equipment $324,695 $365, 734 $ 40,000 243, 606 $ 283, 606 $432, 379 Total assets $386,581 $ 432,379 EARL GREY GOLF CORP. 2018 Statement of Comprehensive Income Sales $366,996 Cost of goods sold 253,122 Depreciation 32,220 Earnings before interest and taxes $ 81,654 Interest paid 14,300 Taxable income $ 67,354 Taxes (358) 23,574 Net income $ 43,780 Dividends $ 20,000 Additions to retained earnings 23,780 Prepare the 2018 statement of cash flows for Earl Grey Golf Corp. (Negative answers should be indicated by a minus sign. Omit $ sign in your response.) EARL GREY GOLF CORP. Statement of Cash Flows for 2018 Cash, beginning of the year $ Operating activities 24,255 Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year
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