Statement of Cash Flows The comparative balance sheet of Whitman Co. at December 31,20Y2 and 20Y1, is as follows: eBook Print ltem ACCOUNT Land ACCOUNT NO. ACCOUNT Buildings ACCOUNT NO. ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. ACCOUNT Equipment ACCOUNT NO. Check My Work \begin{tabular}{r|l|r|r|r|r} \multicolumn{1}{c|}{ Date } & \multicolumn{1}{|c|}{ Item } & Debit & \multicolumn{1}{c|}{ Credit } & \multicolumn{1}{c}{ Debit } & \multicolumn{1}{c}{ Credit } \\ \hline 20Y2 & & & & & \\ Jan. 1 & Balance & & & 410,000 & \\ Jan. 26 & Discarded; no salvage & & & \\ Aug. 11 & Purchased for cash & & 45,100 & 364,900 & \\ & & 98,940 & & 463,840 & \end{tabular} AccoUNT Accumulated Depreciation-Equipment ACCOUNT NO. ACCOUNT Bonds Payable ACCOUNT NO. \begin{tabular}{r|r|r|r|r|r} \hline & & & \multicolumn{2}{|c}{ Balance } \\ \cline { 5 - 6 } Date & Item & Debit & Credit & Debit & Credit \\ \hline 20Y2 & & & & & \\ May 1 & Issued 15-year bonds & & 241,750 & & 241,750 \end{tabular} ACCOUNT Common Stock, $20 par ACCOUNT NO. ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. requirea: 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 flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 20Y2 Cash balance, December 31, 20Y2 Check My Work