Statement of Cash Flows

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

	Dec. 31, 20Y2			Dec. 31, 20Y1
Assets
Cash	$ 736,580			$ 791,750
Accounts receivable (net)	670,290			611,360
Inventories	1,016,480			935,460
Prepaid expenses	23,570			27,990
Land	253,380			383,020
Buildings	1,171,160			721,850
Accumulated depreciation-buildings	(331,460)			(309,360)
Equipment	412,480			364,610
Accumulated depreciation-equipment	(113,430)			(127,430)
Total assets	$3,839,050			$3,399,250
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 729,420			$ 769,730
Bonds payable	214,990			0
Common stock, $20 par	254,000			94,000
Excess of paid-in capital over par	608,000			448,000
Retained earnings	2,032,640			2,087,520
Total liabilities and stockholders equity	$3,839,050			$3,399,250

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			383,020
Apr. 20	Realized $120,600 cash from sale		129,640	253,380

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			721,850
Apr. 20	Acquired for cash	449,310		1,171,160

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				309,360
Dec. 31	Depreciation for year		22,100		331,460

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			364,610
Jan. 26	Discarded, no salvage		40,100	324,510
Aug. 11	Purchased for cash	87,970		412,480

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				127,430
Jan. 26	Equipment discarded	40,100			87,330
Dec. 31	Depreciation for year		26,100		113,430

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 15-year bonds		214,990		214,990

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				94,000
Dec. 7	Issued 8,000 shares of common stock for $40 per share		160,000		254,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				448,000
Dec. 7	Issued 8,000 shares of common stock for $40 per share		160,000		608,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				2,087,520
Dec. 31	Net loss	26,420			2,061,100
Dec. 31	Cash dividends	28,460			2,032,640

Required:

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:
	$fill in the blank 2
Adjustments to reconcile net loss to net cash flows from (used for) operating activities:
	fill in the blank 4
	fill in the blank 6
Changes in current operating assets and liabilities:
	fill in the blank 8
	fill in the blank 10
	fill in the blank 12
	fill in the blank 14
Net cash flows used for operating activities		$fill in the blank 15
Cash flows from (used for) investing activities:
	$fill in the blank 17
	fill in the blank 19
	fill in the blank 21
Net cash flows used for investing activities		fill in the blank 22
Cash flows from (used for) financing activities:
	$fill in the blank 24
	fill in the blank 26
	fill in the blank 28
Net cash flows from financing activities		fill in the blank 29
		$fill in the blank 31
Cash balance, January 1, 20Y2		fill in the blank 32
Cash balance, December 31, 20Y2		$fill in the blank 33