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SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before in and taxes Interest paid Taxable income Taxes (22%) $512,454 363,528

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SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before in and taxes Interest paid Taxable income Taxes (22%) $512,454 363,528 45,963 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) \begin{tabular}{l} Add: Increase in accounts payable \\ Add: Increase in other current liabilities \\ Add: Increase in accounts receivable \\ \hline Net cash from operating activities in inventory \\ \hline Investment activities \\ \hline Net cash from investment activities \\ \hline Cash, end of year \\ \hline \end{tabular}

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