Assets Current assets Cash $34,785 $38,204 Accounts receivable Inventory 18.001 28,126 3,730 42.792 2020 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total $ 56,516 $109,122 Total Long-term debt Owners' equity 2020 2021 $37,282 $42,782 19,408 16,500 20,224 24,954 $ 76,914 $ 84.236 $117,000 $182.015 Common stock and paid in surplus $55,400 $55,400 Accumulated retained earnings 271867 307704 Fixed assets Net plant and equipment S 464,665 S 520,233 Total $ 327 267 $363,104 Total assets $ 521,181 S 629.355 Total liabilities and owners equity $ 521181 629,355 SMOLIRA GOLF CORPORATION SMOLIRA GOLF CORPORATION 2021 Income Statement Sales 508,454 Cost of goods sold 360,728 Depreciation 44,963 Earnings before interest and $ 102,763 taxes Interest paid Taxable income Taxes (24%) Net income Dividends 20,083 $82.680 19,843 $ 62.837 $27,000 35,837 Retained earnings 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 For 2021 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