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Help Some recent financial statements for Smolira Golf Corp: follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018

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Help Some recent financial statements for Smolira Golf Corp: follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,308 Accounts payable $ 39,562 29,206 Notes payable 20,608 43,272 Other 21,304 $ 35,985 18,601 4,090 $ 43,382 17.400 25,914 Total $ 58,676 $ 111,786 Total $ 81,474 $ 86,696 Long-term debt $123,000 $189,270 Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 56,600 $ 56,600 263,647 301,253 Fixed assets Net plant and equipment $466,045 $522,033 Total $320,247 $357,853 Total assets $ 524,721 $ 633,819 Total liabilities and owners' equity $ 524721 $633,819 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $ 514,454 364,928 46,463 $ 103,063 21,283 Taxable income Taxes (21%) $ 81,780 17,174 Net income $ 64,606 Dividends Retained earnings $27,000 37,606 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 Mot noh from intment their 6 8 ats Net cash from operating activities Investment activities Skipped eBook Net cash from investment activities Financing activities eferences Net cash from financing activities Cash, end of year

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