Indirect Method (the remaining problems are not related to WMT) - To answer these questions, use the following information taken from the statement of cash flows and balance sheet of GOHAWKS, Inc. 35 11 STATEMENT OF CASH FLOWS Operating activities: Net Income Depreciation 28 Gain or Loss on PPE sale Change in A/R Change in Inventory Change in A/P Operating Cash Flow maca BALANCE SHEET December 31, 2018 Assets: Cash A/R Inventory 23 PPE 49 Liabilities: j) GOHAWKS declared and paid dividends of 7 in 2018. GOHAWKS' retained earnings was 47 on December 31, 2017. What was their retained earnings on December 31, 2018 (4 points)