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Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 35,085 18.151 $ 38,480 28,396 42,912 Liabilities and Owners' Equity 2017 Current liabilities Accounts
Assets 2017 2018 2018 Current assets Cash Accounts receivable Inventory $ 35,085 18.151 $ 38,480 28,396 42,912 Liabilities and Owners' Equity 2017 Current liabilities Accounts payable $ 37,852 Notes payable 19,708 Other 20,494 $ 42,932 16,725 25,194 3,820 Total $ 57,056 $ 109,788 Total $ 78,054 $ 84,851 $ 118,500 $ 181,793 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 55,700 $ 55,700 269,812 308,127 Fixed assets Net plant and equipment $ 465,010 $520,683 Total $325,512 $363,827 Total assets $522,066 $ 630,471 Total liabilities and owners' equity $522,066 $ 630,471 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $509,954 361,778 45,338 $ 102,838 20,383 Taxable income Taxes (22%) $ 82,455 18.140 Net income $ 64,315 Dividends Retained earnings $26,000 38,315 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year Operating activities 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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