Dec. 7 Issued 5,800 shares of common stock for $40 per share ACCOUNT Paid-in Capital in Excess of Par-Common Stock Date 2012 Jan. 1 Balance Item Dec. 7 Issued 5,800 shares of common stock for $40 per share ACCOUNT Retained Earnings Date 2012 Jan. 1 Balance Dec. 31 Net loss 116,000 184,000 ACCOUNT NO. Balance Debit Credit Debit Credit 327,000 116,000 443,000 ACCOUNT NO. Balance Item Debit Credit Debit Credit Dec. 31 Cash dividends Required: 19,310 20,790 1,525,230 1,505,920 1,485,130 Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Whitman Co. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from (used for) operating activities: Adjustments to reconcile net loss to net cash flows from (used for) operating activities: Changes in current operating assets and liabilities: Net cash flows used for operating activities Cash flows from (used for) investing activities: Net cash Nows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 2012 Cash balance, December 31, 2012 0000