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 Balance Sheet Assets GHESEY Cash Accounts Receivable Merchandise Inventory Property and Equipment Less: Accumulated Depreciation $ 83,100 $103,200 112.00098,000 91,000 84,000 (45,120)(23,000) 84,000 158,000 Total Assets 391,980 $353,200 Liabilities: Accounts Payable Salaries and Wages Payable Notes Payable, Long-Term S 14,000S 16,800 1,400 70,00084,000 2,800 Stockholders' Equity Common Stock Retained Earnings 132,000 112,000 173,180139,000 Total Liabilities and Stockholders' Equity $391,980 $353.200 Current Year Income Statement Sales Cost of Goods Sold Depreciation Expense Other Expenses $360,000 190,000 22,120 90,000 Net income $ 57,880 Other information from the company's records includes the following: Bought equipment for cash, $74,000 . Other information from the company's records includes the following Bought equipment for cash, $74,000. Paid $14,000 on long-term note payable. Issued new shares of common stock for $20,000 cash. . Cash dividends of $23,700 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