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. 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: 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. 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