SMOLIRA GOLF CORP. 2018 Income Statement Sales $ 515,454 Cost of goods sold 365,628 Depreciation 46,713 Earnings before interest and taxes $ 103,113 Interest paid 21,483 Taxable income $ 81,630 Taxes (23%) 18,775 Net income $ 62,855 Dividends $ 25,000 Retained earnings 37,855 Prepare the 2018 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.)
Business
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