The management team of Wickersham Brothers Inc. is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarized. Current Year Prior Year $ 57,900 88,000 66,000 122,000 (34,080) $ 299,820 $ 79,800 77,000 71,500 66,000 (17,000) $ 277,300 Balance Sheet Assets Cash Accounts Receivable Merchandise Inventory Property and Equipment Less: Accumulated Depreciation Total Assets Liabilities: Accounts Payable Salaries and Wages Payable Notes Payable, Long-Term Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 11,000 2,200 55,000 $ 13,200 1,100 66,000 108,000 123,620 $299,820 88,000 109,000 $ 277,300 Current Year Income Statement Sales Cost of Goods Sold Depreciation Expense Other Expenses Net income $ 240,000 130,000 17,080 60,000 $ 32,920 Other information from the company's records includes the following Bought equipment for cash, $56,000. Paid $11,000 on long-term note payable. Issued new shares of common stock for $20,000 cash Cash dividends of $18,300 were declared and paid to stockholders Accounts Payable arose from inventory purchases on credit. Income Tax Expense ($4,000) and Interest Expense ($3,000) were paid in full at the end of both years and are included in Other Expenses . Required: Prepare a schedule summarizing operating investing, and financing cash flows using the T-account approach Cash Operating Investing Financing