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

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GolfGear \& More, 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, $16,800. Paid cash dividend, $12,300, Sold equipment for $7,500 cash (cost, $24,000, accumulated depreciation, $16,500 ). Issued shares of no-par stock, 500 shares at $14 per share cash. Net income was $21.700. Depreclation expense was $3,300. 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. Based on the T-account worksheet, prepare the statement of cash flows for the current year. Note: List cash outfows as negative amounts

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