E12-23 (Algo) (Supplement 12B) Preparing a Statement of Cash Flows, Indirect Method: T-Account Approach [LO 12-S2] Golf Goods Incorporated is a regional and online golf equipment retaller. The company reported the following for the current year: - Purchased a long-term investment for cash, $18,000 - Paid cash dividend. $10,800. - Sold equipment for $6,600 cash (cost $22,200; accumulated depreciation, $15,600 ). - Issued shares of no-par-stock, 560 shares at $10 cash per share. - Net income was $20,800 - Depreciation expense was $3,600. its comparative balance sheet is presented below. 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. Complete the T-account worksheet to be used to prepare the statement of cash flows for the current year. fcash fows for the current vear Based on the T-account worksheet, prepare the statement of cash flows for the current year in proper format. (Amounts to be deducted should be indicated with a minus sian.)