PLZ HURRY

Statement of Cash FlowsIndirect Method

The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:

	Dec. 31, 20Y2			Dec. 31, 20Y1
Assets
Cash	$ 657,540			$ 708,490
Accounts receivable (net)	598,360			545,760
Inventories	907,410			835,080
Prepaid expenses	21,040			24,990
Land	226,190			341,920
Buildings	1,045,490			644,390
Accumulated depreciation-buildings	(295,890)			(276,170)
Equipment	368,220			325,480
Accumulated depreciation-equipment	(101,260)			(113,750)
Total assets	$3,427,100			$3,036,190
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 651,150			$ 687,130
Bonds payable	191,920			0
Common stock, $20 par	226,000			84,000
Paid-in capital: Excess of issue price over par-common stock	542,000			400,000
Retained earnings	1,816,030			1,865,060
Total liabilities and stockholders' equity	$3,427,100			$3,036,190

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			341,920
Apr. 20	Realized $107,600 cash from sale		115,730	226,190

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			644,390
Apr. 20	Acquired for cash	401,100		1,045,490

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				276,170
Dec. 31	Depreciation for year		19,720		295,890

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			325,480
Jan. 26	Discarded, no salvage		35,800	289,680
Aug. 11	Purchased for cash	78,540		368,220

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				113,750
Jan. 26	Equipment discarded	35,800			77,950
Dec. 31	Depreciation for year		23,310		101,260

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 15-year bonds		191,920		191,920

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				84,000
Dec. 7	Issued 7,100 shares of common stock for $40 per share		142,000		226,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				400,000
Dec. 7	Issued 7,100 shares of common stock for $40 per share		142,000		542,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				1,865,060
Dec. 31	Net loss	23,610			1,841,450
Dec. 31	Cash dividends	25,420			1,816,030

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 out flows, cash payments, decreases in cash, or any negative adjustments.