Some recent financial statements for Smolira Golf Corporation follow. Assets Inventory Total SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities 2020 Current assets Cash $ 32,653 $39,350 Accounts receivable 16,911 34,495 28,877 Accounts payable Notes payable 44,336 Other $ 84,059 $112,563 Total Long-term debt Owners' equity 2020 2021 $34,886 $44,285 18,058 16,848 18,871 25,619 $ 71,815 $ 86,752 $110,000 $ 140,000 Fixed assets Net plant and equipment Total assets Common stock and paid-in surplus $ 55,000 $55,000 Accumulated retained earnings 288,343 333,683 $ 441,099 $ 502,872 Total $343,343 $ 388,683 $ $525,158 $ 615,435 Total liabilities and owners' equity $525,158 615,435 Sales SMOLIRA GOLF CORPORATION 2021 Income Statement Cost of goods sold $531,750 377,294 Depreciation 46,686 Earnings before interest and $107,770 taxes Interest paid 20,650 Taxable income Taxes (25%) Net income $87,120 21,780 $ 65,340 Dividends $ 20,000 Retained earnings 45,340 Prepare the 2021 statement of cash flows for Smolira Golf Corporation. (Negative answers should be indicated by a minus sign.) Prepare the 2021 statement of cash flows for Smolira Golf Corporation. (Negative answers should be indicated by a minus sign.) SMOLIRA GOLF CORPORATION Statement of Cash Flows Cash, beginning of the year Operating activities For 2021 Net cash from operating activities $ 106,366 Investment activities Net cash from investment activities $ -108,459 Financing activities Net cash from financing activities $ 8,790 Cash, end of year