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GolfGear \& More, Incorporated is a regional and online golf equipment retailer. The company reported the following for the current year: Purchased a long-term investment for cash, $26,400. Paid cash dividend, $13,900. Sold equipment for $15,500 cash (cost, $40,000, accumulated depreciation, $24,500 ). Issued shares of no-par stock, 600 shares at $10 per share cash. Net income was $29,700. Depreciation expense was $4,900. Its comparative balance sheet is presented below. Required: 1. Complete a T-account worksheet. 2. Based on the T-account worksheet, prepare the statement of cash flows for the current year