Some recent financial statements for Smolira Golf Corporation follow. SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets Current liabilities Cash $ 32,653 $ 39,350 Accounts payable Accounts receivable 16,911 28.877 Notes payable Inventory 34,495 44,336 Other 2020 2021 $ 34,886 $ 44,285 18,058 16.848 18,871 25,619 Total $ 84,059 $ 112,563 Total $ 71,815 $ 86,752 Long-term debt $ 110,000 140.000 Owners' equity Common stock and pald-in surplus $ 55,000 $ 55,000 Accumulated retained earnings 288,343 333,683 Fixed assets Net plant and equipment $ 441,099 $ 502,872 Total $ 343,343 $ 388,683 Total assets $ 525,158 $ 615,435 Total liabilities and owners' equity $ 525.158 $ 615,435 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation $ 531,750 377,294 46,686 Earnings before interest and taxes Interest paid $ 107,770 20,650 Taxable income Taxes (25%) $ 87,120 21,780 Net Income $ 65,340 Dividends Retained earnings $ 20,000 45,340 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 For 2021 Cash, beginning of the year Operating activities $ 106,366 Net cash from operating activities Investment activities $ -108,459 Net cash from investment activities Financing activities Net cash from financing activities $ 8,790 Cash, end of year