Question: hello, i am having difficulties understanding how to solve this problem. please be as descriptive as possible so i can learn. thank you Problem 3-28

hello, i am having difficulties understanding how to solve this problem. please be as descriptive as possible so i can learn. thank you  hello, i am having difficulties understanding how to solve this problem.
please be as descriptive as possible so i can learn. thank you
Problem 3-28 Statement of Cash Flows (LO1] Some recent financial statements for

Problem 3-28 Statement of Cash Flows (LO1] Some recent financial statements for Smolira Golf Corp follow. Assets 2017 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 201 Current Habilities $ 38,112 Accounts payable $ 37,092 $ 427 28.036 Notes payable 19,308 16,4 42.752 Other 20.134 24.8 $ 34,685 17.951 3,700 Total $ 56,336 $ 108,900 Total $ 76,534 $ 84, Long-term debe $ 116,500 $ 179,3 Owners equity Common stock and paid $ 55,300 in surplus Accumulated retained 272,552 earnings $ 55.30 310.27 Fixed assets Net plant and equipment $464550 $520,083 Total $327.852 $365,57 Total assets $520,886 $628,983 Total liabilities and owners equity $520,886 $628,98 SMOLIRA GOLF CORP 2018 Income Statement Sales $507,954 Cost of goods sold 360,378 Depreciation 44,838 Earnings before interest and taxes Interest pold $ 102738 19,983 Taxable income Taxes (239) $ 82,755 19,034 Net income $ 63721 Dividends Retained earning $26,000 37721 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 activibes Net cash from investment activities Financing activities Net cash from financing activities Increase in long-term debt Cash, ond of year Problem 3-28 Statement of Cash Flows (L01) Some recent financial statements for Smolira Golf Corp. follow Assets 2017 SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Lobilities and Owners' Equity 2018 2017 2018 Current lobilities $ 38,112 Accounts payable $ 37,092 $42.732 28,036 Notes payable 19,308 16,425 42.752 Other 20.134 24,874 Current assets Cash Accounts receivable Inventory $ 34,685 17,951 3,700 Total $ 56,336 $ 108,900 Total $ 76,534 $ 84,031 Long-term debt $ 116,500 $ 179,379 $ 55,300 Owners' equity Common stock and poid- $ 55,300 in surplus Accumulated retained 272 552 eamings 310,273 Fixed assets Net plant and equipment $464,550 $520,083 Total $327,852 $365,573 Total assets $520,886 $628.983 Total liabilities and owners equity $520,886 $628,983 SMOLIRA GOLF CORP 2018 Income Statement Sales $507,954 Cost of goods sold 360,378 Depreciation 44,838 $ 102,738 Earnings before interest and taxes Interest pold 19,983 Taxable income Taxes (23) $ 82.755 19,034 Net income $ 63721 Dividends Retained earnings $26.000 37720

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