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Some recent financial statements for Smolira Golf Corp. follow. SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014

Some recent financial statements for Smolira Golf Corp. follow.

SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets
Assets Liabilities and Owners Equity
2014 2015 2014 2015
Current assets Current liabilities
Cash $ 23,076 $ 25,400 Accounts payable $ 24,484 $ 28,400
Accounts receivable 13,748 16,500 Notes payable 14,000 12,100
Inventory 27,252 28,400 Other 12,871 17,500
Total $ 64,076 $ 70,300 Total $ 51,355 $ 58,000
Long-term debt $ 82,000 $ 96,400
Owners equity
Common stock and paid-in surplus $ 45,000 $ 45,000
Accumulated retained earnings 223,416 235,000
Fixed assets
Net plant and equipment $ 337,695 $ 364,100 Total $ 268,416 $ 280,000
Total assets $ 401,771 $ 434,400 Total liabilities and owners equity $ 401,771 $ 434,400

SMOLIRA GOLF CORP. 2015 Income Statement
Sales $ 352,549
Cost of goods sold 229,000
Depreciation 41,400
Earnings before interest and taxes $ 82,149
Interest paid 15,600
Taxable income $ 66,549
Taxes (30%) 19,965
Net income $ 46,584
Dividends $ 35,000
Retained earnings 11,584

Prepare the 2015 statement of cash flows for Smolira Golf Corp. (Negative amounts should be indicated by a minus sign.)

SMOLIRA GOLF CORP. Statement of Cash Flows For 2015
Cash, beginning of the year $
Operating activities
(Click to select)Net lossNet income $
(Click to select)Less: DepreciationAdd: Increase in accounts payableAdd: DepreciationLess: Increase in other current liabilitiesLess: Increase in accounts payableAdd: Increase in other current liabilities
(Click to select)Less: Increase in other current liabilitiesLess: Increase in accounts payableLess: DepreciationAdd: DepreciationAdd: Increase in accounts payableAdd: Increase in other current liabilities
(Click to select)Add: Increase in accounts payableAdd: Increase in other current liabilitiesLess: Increase in other current liabilitiesAdd: DepreciationLess: Increase in accounts payableLess: Depreciation
(Click to select)Add: Increase in inventoryAdd: Increase in notes payableLess: Increase in inventoryAdd: Increase in accounts receivableLess: Increase in notes payableLess: Increase in accounts receivable
(Click to select)Add: Increase in notes payableLess: Increase in notes payableAdd: Increase in accounts receivableLess: Increase in inventoryLess: Increase in accounts receivableAdd: Increase in inventory
Net cash from operating activities $
Investment activities
(Click to select)Increase in notes payableFixed asset acquisitionDecrease in inventoryIncrease in inventoryDividends paidDecrease in notes payable $
Net cash from investment activities $
Financing activities
(Click to select)Increase in accounts payableDecrease in long-term debtIncrease in notes payableDividends paidDecrease in notes payableIncrease in long-term debt $
(Click to select)Dividends paidIncrease in accounts payableIncrease in notes payableDecrease in notes payableIncrease in long-term debtDecrease in long-term debt
(Click to select)Increase in long-term debtIncrease in accounts payableDividends paidDecrease in notes payableIncrease in notes payableDecrease in long-term debt
Net cash from financing activities $
(Click to select)Net decrease in cashNet increase in cash $
Cash, end of year $

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