Question: please can so eone make a correct cash flow staent for me please. few of them are already given in the cash flow statment please



Some recent financial statements for Smolira Golf Corporation follow. Prepare the 2021 statement of cash flows for Smolira Golf Corporation. (Negative answers should be indicated by a minus sign.) \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ For 2021} \\ \hline Cash, beginning of the year \\ \hline Net income \\ \hline Add: Depreciation \\ \hline Add Increase in accounts payable \\ \hline Add Increase in other current liabilities \\ \hline \\ \hline Net cash from operating activities \\ \hline Investment activities \\ \hline \\ \hline Net cash from investment activities \\ \hline Financing activities \\ \hline Increase in long-term debt \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{\begin{tabular}{c} SMOLIRA GOLF CORPORATION \\ 2021 Income Statement \end{tabular}} \\ \hline \begin{tabular}{l} Sales \\ Cost of goods sold \end{tabular} & \begin{tabular}{r} $531,750 \\ 377,294 \end{tabular} \\ \hline Depreciation & 46,686 \\ \hline \multirow{2}{*}{\begin{tabular}{l} Earnings before interest and \\ taxes \\ Interest paid \end{tabular}} & $107,770 \\ \hline & 20,650 \\ \hline \multirow{2}{*}{\begin{tabular}{l} Taxable income \\ Taxes (25%) \end{tabular}} & $87,120 \\ \hline & 21,780 \\ \hline Net income & $65,340 \\ \hline Dividends & \\ \hline Retained earnings & \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
