prepare a statement of cash flows using the indirect method

The comparative balance sheet of Whitman Co. at December 31, 2012 and 2041, is as follows: 1 Dec 31, 2012 Dec. 31, 2011 2 Assets 3 Cash $917.690.00 5964.930.00 762.860.00 828,620,00 Accounts receivable (net) Inventories & Prepaid expenses 1,267,970.00 1.162.780.00 29,050.00 36.010.00 7 Land 315.250.00 1.462.990.00 1 Buildings . Accumulated depreciation buildings 10 Equipment 11 Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity 24 Accounts payable (merchandise creditors) (409.170.00) 511.480.00 (142.100.00) $4.781,780.00 480,690.00 901.470.00 (382.690.00) 453,680.00 (159,400.00) 12 $4,220,330.00 13 5923,380.00 5958.540.00 (142.100.00) (159.400.00) 12 $4.781,780.00 $4,220,330,00 13 $958,540.00 11. Accumulated depreciation equipment Total assets Liabilities and Stockholders' Equity 14 Accounts payable (merchandise creditors) 15 Bonds payable 15 Common stock. 525 par Excess of paid-in capital over par 12 Retained earnings Total liabilities and stockholders' equity 0.00 $923,380.00 269,000.00 323,000.00 771,200.00 2.495,200.00 54.781,780.00 118,000.00 558.000.00 2.585.790.00 $4.220.330.00 19 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2072 are as follows: ACCOUNT Land ACCOUNT NO Balance Debit Date Item Debit Credit Credit 2012 Jan 1 Balance 480,690 Jan. 1 Balance 480 690 Apr 20 Realized $153,400 cash from sale 165,440 315,250 ACCOUNT Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan 1 Balance 901,470 Apr. 20 Acquired for cash 561,520 1,462.990 ACCOUNT Accumulated Depreciation Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 382,690 Jan 1 Balance Dec. 31 Depreciation for year 26.480 409,170 ACCOUNT Equipment ACCOUNT Equipment ACCOUNT NO Balance Debit Date Item Debit Credit Credit 2012 Jan. 1 Balance 453,680 46.270 407 410 26 Discarded, no salvage Aug 11 Purchased for cash 104.070 511,480 ACCOUNT Accumulated Depreciation --Equipment ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 Jan. 1 Balance 159.400 113,130 26 Equipment discarded 46,270 Dec 31 Depreciation for year 28.970 142, 100 ACCOUNT Bonds Payable ACCOUNT NO ACCOUNT Bonds Payable ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 May 1 Issued 20-year bonds 269,000 269,000 ACCOUNT Common Stock $25 par ACCOUNT NO Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 118,000 Dec 7 issued 8,200 shares of common stock for $51 per share 205,000 323,000 ACCOUNT Pald-In Capital in Excess of Par--Common Stock ACCOUNT NO Balance Debit Date Item Debit Credit Credit 20Y2 ACCOUNT Paid-In Capital in Excess of Par--Common Stock ACCOUNT NO Balance Debit Item Debit Credit Credit Date 2012 558,000 Jan 1 Balance Dec 7 Issued 8,200 shares of common stock for $51 per share 213.200 771,200 Credit ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit 20Y2 Jan 1 Balance Dec 31 Net loss 58,980 31 Cash dividends 31,610 2,585,790 2,526 810 2.495,200 Required: Prepare a statement of cash flows, using the Indirect method of presenting cash flows from (used for operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions ist provided for the exact wording or the answer choices for text