PlS. ANSWER IN THE GRAPHS FORMAT FOR BETTER UNDERSTANDING.

Assets 2017 2018 Current assets Cash Accounts receivable Inventory SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $ 38,480 Accounts payable $ 37,852 28,396 Notes payable 19,708 42,912 Other 20,494 $ 35,085 18.151 3,820 $ 42,932 16,725 25,194 Total $ 57,056 $ 109,788 Total $ 78,054 $ 84,851 $ 118,500 $ 181,793 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 55,700 $ 55,700 269,812 308,127 Fixed assets Net plant and equipment $ 465,010 $520,683 Total $ 325,512 $363,827 Total assets $ 522,066 $ 630,471 Total liabilities and owners' equity $522,066 $630,471 $509,954 361,778 45,338 SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes (22%) $ 102,838 20,383 $ 82,455 18,140 Net income $ 64,315 Dividends Retained earnings $ 26,000 38,315 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) $ 35,058 SMOLIRA GOLF CORP. Statement of Cash Flows For 2018 Cash, beginning of the year Operating activities Net income Add: Depreciation Add: Increase in accounts payable Add: Increase in other current liabilities Add: Increase in accounts receivable Add: Increase in inventory Net cash from operating activities Investment activities Net cash from investment activities Financing activities Net cash from financing activities Cash, end of year