Some recent financial statements for Smolia Golf Corp follow 2018 Assets 2017 SMOURA GOLF CORP 2017 and 2018 Balance Sheets Labies and Owners' Equity 2018 2017 Current liabilities 5112 Accounts payable $37092 28.036 Notes payable 19.30 42752 Other 2013 $ 34685 $42.732 16425 Current assets Cash Accounts receivable Inventory 17951 3.700 Total 58404 $ 56.336 Total 5 108 900 $ 75.534 $15.500 $ 179.379 Long term debit Owners' equity Common stock and pada Surplus Accumulated retained camnings $ 55300 555300 272552 310 273 Fixed assets Net plant and equipment $464,550 $520.000 Total 5327852 $365,573 $520,886 $628.983 Total assets Total liabilities and owners equity 56289 $520.896 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $507954 360.378 44,838 5 102.738 19.983 $ 82755 19,034 Taxable income Taxes (2314 Net income $ 63721 Dividends Retained earnings 526.000 37721 Prepare the 2018 statement of cash flows for Smolira Golf Corp (Negative answers should be indicated by a minus sign.) SMOLIRA GOLF CORP. Stament of Cash Flow For 2015 Cash, beginning of the year 63.721 niet income Add Depreciation Ao Increase in accounts payable Add increase in other currentes Netcash for operating activities Net cash from investment activities Some recent financial statements for Smolia Golf Corp follow 2018 Assets 2017 SMOURA GOLF CORP 2017 and 2018 Balance Sheets Labies and Owners' Equity 2018 2017 Current liabilities 5112 Accounts payable $37092 28.036 Notes payable 19.30 42752 Other 2013 $ 34685 $42.732 16425 Current assets Cash Accounts receivable Inventory 17951 3.700 Total 58404 $ 56.336 Total 5 108 900 $ 75.534 $15.500 $ 179.379 Long term debit Owners' equity Common stock and pada Surplus Accumulated retained camnings $ 55300 555300 272552 310 273 Fixed assets Net plant and equipment $464,550 $520.000 Total 5327852 $365,573 $520,886 $628.983 Total assets Total liabilities and owners equity 56289 $520.896 SMOLIRA GOLF CORP 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid $507954 360.378 44,838 5 102.738 19.983 $ 82755 19,034 Taxable income Taxes (2314 Net income $ 63721 Dividends Retained earnings 526.000 37721 Prepare the 2018 statement of cash flows for Smolira Golf Corp (Negative answers should be indicated by a minus sign.) SMOLIRA GOLF CORP. Stament of Cash Flow For 2015 Cash, beginning of the year 63.721 niet income Add Depreciation Ao Increase in accounts payable Add increase in other currentes Netcash for operating activities Net cash from investment activities
