Check my w Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 Current assets Current liabilities Cash $ 34,385 $ 37,837 Accounts payable $ 36,722 Accounts 17,801 27,766 receivable Notes payable 19,008 Inventory 36,310 42,632 Other 19,864 2018 $ 42,582 16,200 24,634 Total $ 88,496 $108.235 Total $ 75,594 $ 83,416 $115.000 $ 145,000 Long-term debt Owners' equity Common stock and paid in surplus Accumulated retained earnings $ 55,000 $ 55,000 307,217 344,452 Net plant and equipment $464,315 $ 519,633 Total $362.217 $399,452 Total assets $552,811 $627,868 Total liabilities and owners equity $ 552,811 $627,868 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506,454 359,328 44,463 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $506,454 359,328 44,463 $ 102,663 Earnings before interest and taxes Interest paid 19,683 Taxable income Taxes (25%) $ 82,980 20,745 Net income $ 62,235 Dividends Retained earnings $25,000 37,235 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (A negative answer should be indicated by a minus sign.) SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year Operating activities Prepare the 2018 statement of cash flows for Smolira Golf Corp. (A negative answer 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 101.041 -99.781 Net cash from investment activities Financing activities Net cash from financing activities 2,192 Cash, end of year