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
Balance Sheet
Assets
Cash		$	95,700					$	114,900
Accounts Receivable			124,000						108,500
Merchandise Inventory			93,000						100,750
Property and Equipment			176,000						93,000
Less: Accumulated Depreciation			(50,640	)					(26,000	)
Total Assets		$	438,060					$	391,150
Liabilities:
Accounts Payable		$	15,500					$	18,600
Salaries and Wages Payable			3,100						1,550
Notes Payable, Long-Term			77,500						93,000
Stockholders Equity:
Common Stock			144,000						124,000
Retained Earnings			197,960						154,000
Total Liabilities and Stockholders Equity		$	438,060					$	391,150

	Current Year
Income Statement
Sales	$	420,000
Cost of Goods Sold		220,000
Depreciation Expense		24,640
Other Expenses		105,000
Net income	$	70,360

Other information from the companys records includes the following:

• Bought equipment for cash, $83,000.
• Paid $15,500 on long-term note payable.
• Issued new shares of common stock for $20,000 cash.
• Cash dividends of $26,400 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.