Cerulean Corporation is a regional and online golf equipment retailer. The company reported the following for the current year: • Purchased a long-term investment for cash, $11,000. • Paid cash dividend, $13,600. • Sold equipment for $5,200 cash (cost, $19,400; accumulated depreciation, $14,200). • Issued shares of no-par stock, 420 shares at $10 cash per share. • Net income was $19,400. • Depreciation expense was $2,200. Its comparative balance sheet is presented below. Cash Accounts receivable Inventory Investments Equipment Accumulated Depreciation-Equipment Total Accounts payable Salaries and wages payable Income taxes payable. Notes payable (long-term) Common stock Retained earnings Total Ending Balances $ 22,300 21, 200 75,800 11,000 94,300 (19,200) $ 205,400 $ 18,400 2,400 6,300 50,000 104, 200 24,100 $ 205,400 Beginning Balances $ 26, 200 21,200 67,200 0 113,700 (31,200) $ 197,100 $ 20,600 4,300 3,900 50,000 100,000 18,300 $ 197,100 Required: 1. Complete the T-account worksheet to be used to prepare the statement of cash flows for the current year. 2. Based on the T-account worksheet, prepare the statement of cash flows for the current year in proper format. Complete this question by entering your answers in the tabs below. Cash T Account Other T Accounts Stmt of Cash Flows Complete the T-account worksheet to be used to prepare the statement of cash flows for the current year.