Assets 2017 2018 $ 42,632 16,275 Current assets Cash Accounts receivable Inventory $ 34,485 17,851 3,640 24,714 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 37,928 Accounts payable $ 36,712 27,856 Notes payable 19,108 42,672 Other 19,954 $ 108,456 Total $ 75,774 Long-term debt $ 115,500 Owners' equity Common stock and pald.in $ 55,100 surplus Accumulated retained 273,922 earnings $ 83,621 Total $ 55,976 $ 174,101 $ 55,100 315,417 Fixed assets Net plant and equipment $464,320 $ 519,783 Total $329,022 $ 370,517 Total liabilities and owners' equity $520,296 $628,239 $520,296 $628,239 Total assets $506,954 359,678 44,588 bok SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Fint Tences $ 102,688 19.783 Taxable income Taxes (21%) $ 82,905 17,410 $ 65,495 Net income Dividends Retained earnings $24,000 41,495 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) apter 3 Assignment i Saved VEREV VUE 6 For 2018 Cash, beginning of the year Operating activities .17 oints eBook Print References Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year Mc Graw Hill alon