Cerulean Corporation is a regional and online golf equipment retailer. The company reported the following for the current year: Purchased a long-term investment for cash, $11,000. Paid cash dividend, $13,600. Sold equipment for $5,200 cash (cost, $19,400; accumulated depreciation, $14,200). Issued shares of no-par stock, 420 shares at $10 cash per share. Net income was $19,400. Depreciation expense was $2,200. Its comparative balance sheet is presented below. Cash Accounts receivable Inventory Investments Equipment Accumulated Depreciation-Equipment Total Accounts payable Salaries and wages payable Income taxes payable Notes payable (long-term) Ending Balances Beginning Balances $ 22,300 21,200 $ 26,200 75,800 11,000 94,300 (19,200) $ 205,400 $ 18,400 2,400 6,300 50,000 21,200 67,200 0 113,700 (31,200) $ 197,100 $ 20,600 4,300 3,900 Common stock Retained earnings Total 50,000 104,200 24,100 $ 205,400 100,000 18,300 $ 197,100 Required: 1. Complete the T-account worksheet to be used to prepare the statement of cash flows for the current year. 2. Based on the T-account worksheet, prepare the statement of cash flows for the current year in proper format. Complete this question by entering your answers in the tabs below. Cash T Account Other T Stmt of Cash Accounts Flows Complete the T-account worksheet to be used to prepare the statement of cash flows for the current year.