Golf Universe is a regional and online golf equipment retailer. The company reported the following for the current year: Purchased a long-term investment for cash, $25,800. Paid cash dividend, $13,800. Sold equipment for $15,000 cash (cost, $39,000, accumulated depreciation, $24,000). Issued shares of no-par stock, 500 shares at $14 per share cash. Net income was $29,200. Depreciation expense was $4,800. its comparative balance sheet is presented below. Balances Balances 12/31/Current 12/31/Prior Year Year 25,600 27,700 40,000 40,000 Cash Accounts receivable 77,000 Merchandise inventory 85,800 25,800 84,500 123,500 Investments Equipment Accumulated depreciation 14,600 33,800 247,100 234,400 Accounts payable 15,800 26,000 3,300 6,100 Wages payable 4,800 Income taxes payable 8,100 Notes payable 72,000 72,000 Contributed capital 107,000 100,000 Retained earnings 40,900 25,500 $247,100 $234,400 Required: 1. Complete a T-account worksheet. Cash Operating Investing Financing