GolfGear \& More, Incorporated is a regional and online golf equipment retailer. The company reported the following for the current year: Purchased a long-term investment for cash, $19,800. Paid cash dividend, $12,800. Sold equipment for $10,000 cash (cost, $29,000, accumulated depreciation, $19,000 ). issued shares of no-par stock, 400 shares at $12 per share cash. Net income was $24,200. Depreciation expense was $3,800. 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. Complete this question by entering your answers in the tabs below. Complete a T-account worksheet. Note: List cash outflows as negative amounts. GOLFGEAR \& MORE, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Current Year