Some recent financial statements for Smolira Golf Corp. follow. 2018 Assets 2017 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,204 Accounts payable $ 37,282 28,126 Notes payable 19,408 42,792 Other 20,224 Current assets Cash Accounts receivable Inventory $ 34,785 18,001 3,730 $ 42,782 16,500 24,954 Total $ 76,914 $ 84,236 $ 109,122 $ 56,516 Total Long-term debt $ 117,000 $ 182,015 $ 55,400 $ 55,400 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 271,867 307,704 Fixed assets Net plant and equipment $464,665 $520,233 Total $327,267 $363,104 Total assets $ 521,181 $629,355 Total liabilities and owners! equity $ 521,181 $629,355 ent of cash flows Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) HE 3 4,785 ook $ SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year S Operating activities Net income Add: Depreciation LEI Add: Increase in accounts payable Add: Increase in other current liabilities Less: Increase in accounts receivable Less: Increase in inventory rences 62,837 44,963 5,500 4,730 Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Some recent financial statements for Smolira Golf Corp. follow. 2018 Assets 2017 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,204 Accounts payable $ 37,282 28,126 Notes payable 19,408 42,792 Other 20,224 Current assets Cash Accounts receivable Inventory $ 34,785 18,001 3,730 $ 42,782 16,500 24,954 Total $ 76,914 $ 84,236 $ 109,122 $ 56,516 Total Long-term debt $ 117,000 $ 182,015 $ 55,400 $ 55,400 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 271,867 307,704 Fixed assets Net plant and equipment $464,665 $520,233 Total $327,267 $363,104 Total assets $ 521,181 $629,355 Total liabilities and owners! equity $ 521,181 $629,355 ent of cash flows Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) HE 3 4,785 ook $ SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year S Operating activities Net income Add: Depreciation LEI Add: Increase in accounts payable Add: Increase in other current liabilities Less: Increase in accounts receivable Less: Increase in inventory rences 62,837 44,963 5,500 4,730 Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities
