please help asap!!!
The comparative balance sheet of Whitman Co. at December 31, 2012 and 20Y1, is as follows: Dec. 31, 2012 Dec. 31, 2011 Assets Cash $ 590,410 $ 635,170 537,270 490,040 814,770 749,820 Accounts receivable (net) Inventories Prepaid expenses Land 18,890 22,440 203,100 307,010 938,750 578,600 Buildings Accumulated depreciation-buildings Equipment (265,680) (247,970) 330,630 292,250 (102,140) $2,725,220 $ 616,980 Accumulated depreciation-equipment (90,920) Total assets $3,077,220 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 584,670 Bonds payable 172,320 Common stock, $20 par 203,000 Paid-in capital: Excess of issue price over par-common stock 487,000 Retained earnings 1,630,230 Total liabilities and stockholders' equity $3,077,220 0 75,000 359,000 1,674,240 $2,725,220 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance Apr. 20 Realized $96,600 cash from sale 307,010 203,100 103,910 ACCOUNT Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance Apr. 20 Acquired for cash 578,600 938,750 360,150 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 247,970 265,680 Dec. 31 Depreciation for year 17,710 ACCOUNT Equipment ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 20Y2 Jan. 1 Balance 292,250 Jan. 26 Discarded, no salvage 32,100 260,150 Aug. 11 Purchased for cash 70,480 330,630 ACCOUNT Accumulated Depreciation Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 102,140 32,100 70,040 Jan. 26 Equipment discarded Dec. 31 Depreciation for year 20,880 90,920 ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 May 1 Issued 20-year bonds 172,320 172,320 ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2012 Jan. 1 Balance Dec. 7 Issued 6,400 shares of com ommon stock for $40 per share 75,000 203,000 128,000 ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 359,000 128,000 487,000 Dec. 7 Issued 6,400 shares of common stock for $40 per share ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 1,674,240 Dec. 31 Net loss 21,190 1,653,050 Dec. 31 Cash dividends 22,820 1,630,230 Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from 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 operating activities: Adjustments to reconcile net loss to net cash flow from operating activities: Changes in current operating assets and liabilities: Com LEDDDD Net cash flow used for operating activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities dis Cash at the beginning of the year Cash at the end of the year
