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Goifsear & More, Incorporated is a regional and online goif equipment retaller. The company reported the following for the current year: Purchased a long-term investment

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Goifsear & More, Incorporated is a regional and online goif equipment retaller. The company reported the following for the current year: Purchased a long-term investment for cash, $18,600. Paid cash dividend, $12.600 Sold equipment for $9,000 cash (cost, $27,000, accumulated depreciation, $18,000) ) issued shates of no-pat stock, 500 shares at $14 per share cash. Net income was $23,200. Depreciation expense was $3,600. Its comparative balance sheet is presented below. 1. Complete a T-account worksheet. 2. Based on the T.account worksheet, prepore the statement of cash fiows for the current year 1. Complete is T-account worksheet. 2. Based on the T-account worksheet prepare the statement of cash flows for the current year. Complete this question by entering your answers in the tabs below. Camplete a T-account worksheet. GOLFGEAR \& MORE, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: Based on the T-account worksheet, prepare the statement of cash flows for the current year. Note: List cash outflows as negative amounts

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