Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 39,492 Accounts payable $ 39,942 29,386 Notes payable 20,808 43,352 Other 21,484 $ 36,185 Current assets Cash Accounts receivable Inventory $ 43,482 18,701 17,550 4,150 26,074 Total $ 59,036 $ 112,230 Total $ 82,234 $ 87,106 Long-term debt $ 124,000 $ 190,525 $ 56,800 $ 56,800 Owners' equity Common stock and paid-in surplus Accumulated retained earnings 262,277 300,132 Fixed assets Net plant and equipment $466,275 $522,333 Total $ 319,077 $356,932 Total assets $ 525,311 $634,563 Total liabilities and owners' equity $ 525,311 $634,563 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $ 515,454 365,628 46,713 $ 103,113 Earnings before interest and taxes Interest paid 21,483 Taxable income Taxes (23%) $ 81,630 18,775 Net income $ 62,855 Dividends Retained earnings $25,000 37,855 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 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