Leak Down Test Results

Ok I did a leak down test today and this is what I got.


1 - 38
2 - 20
3 - 28
4 - 13
5 - 8
6 - 18
7 - 25
8 - 12

All cylinders were low to moderate leakage. The only issue I had was with #1 cylinder with a reading of 38 which was the highest of all of them. Didn't find any leaks other air coming from the dipstick tube and that was with all cylinders.

So what does everyone think? Why would I be getting smoke. If I had bad rings or valve seals wouldn't the readings be higher?