Printer Wireless setup

Hi, I’m getting a new iMac on Tuesday, also got a Apple Time Capsule and HP Photosmart 7520 printer, I’ve already set my iPhone/iPad to my network to use airprint. Was going to connect my Photosmart 7520 upto my Time capsule to use as a network printer(WPS), and a Ethernet connect from my time capsule to my iMac, can this be done? Also so I can use all facilities of the printer e.g. scanning etc


thanks in advance