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i need help with the answer formatting and how to work out the sections. please yse same formatting as question . Some recent financial statements
i need help with the answer formatting and how to work out the sections. please yse same formatting as question
Some recent financial statements for Smolira Golf Corp. follow. Assets Current assets Cash Accounts Inventory Total Fixed assets Net plant and equipment Total assets receivable SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets 2017 2018 Current liabilities $ 34,585 $ 38,020 17,901 27,946 3,670 42,712 $ 56,156 $108,678 $464,435 $519,933 $520,591 $628,611 Liabilities and Owners' Equity 2017 $36,902 19,208 20,044 $ 76,154 $116,000 $ 55,200 273,237 $328,437 $520,591 Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2018 $ 42,682 16,350 24,794 $ 83,826 $ 176,741 $ 55,200 312,844 $368,044 $ 628,611 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (22%) Net income Dividends Retained earnings $25,000 39,607 $507,454 360,028 44,713 $ 102,713 19,883 $82,830 18,223 $ 64,607 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 SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year Operating activities Add: Depreciation Add: Increase in accounts payable Add: Increase in accounts receivable Add: Increase in inventory Add: Increase in other current liabilities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year Statement of Cash Flows For 2018 Cash, beginning of the year Operating activities Less: Depreciation Less: Increase in accounts payable Less: Increase in accounts receivable Less: Increase in inventory Less: Increase in other current liabilities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year .
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