GolfGear \& More, Inc. 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. Required: 1. Complete a T-account worksheet 2. Based on the T-account worksheet, prepare the statement of cash flows for the current year in proper format. (List cash outflow as negative amounts.)