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, $22,800.

Paid cash dividend, $13,300.

Sold equipment for $12,500 cash (cost, $34,000, accumulated depreciation, $21,500).

Issued shares of no-par stock, 600 shares at $10 per share cash.

Net income was $26,700.

Depreciation expense was $4,300.

Its comparative balance sheet is presented below.

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. GOLFGEAR \& MORE, INCORPORATED Statement of Cash Flows For the Year Ended December 31, Current Year Cash flows from operating activities: \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Changes in current assets and current liabilities: Cash flows from investing activities: \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Cash flows from financing activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}