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	$ 862,820			$ 926,280
Accounts receivable (net)	785,170			716,140
Inventories	1,190,690			1,095,780
Prepaid expenses	27,610			32,790
Land	296,810			448,670
Buildings	1,371,880			845,560
Accumulated depreciation-buildings	(388,270)			(362,380)
Equipment	483,180			427,100
Accumulated depreciation-equipment	(132,870)			(149,270)
Total assets	$4,497,020			$3,980,670
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 854,430			$ 901,650
Bonds payable	251,830			0
Common stock, $20 par	298,000			110,000
Excess of paid-in capital over par	713,000			525,000
Retained earnings	2,379,760			2,444,020
Total liabilities and stockholders equity	$4,497,020			$3,980,670

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			448,670
Apr. 20	Realized $141,200 cash from sale		151,860	296,810

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			845,560
Apr. 20	Acquired for cash	526,320		1,371,880

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				362,380
Dec. 31	Depreciation for year		25,890		388,270

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			427,100
Jan. 26	Discarded, no salvage		47,000	380,100
Aug. 11	Purchased for cash	103,080		483,180

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				149,270
Jan. 26	Equipment discarded	47,000			102,270
Dec. 31	Depreciation for year		30,600		132,870

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 15-year bonds		251,830		251,830

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				110,000
Dec. 7	Issued 9,400 shares of common stock for $40 per share		188,000		298,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				525,000
Dec. 7	Issued 9,400 shares of common stock for $40 per share		188,000		713,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				2,444,020
Dec. 31	Net loss	30,940			2,413,080
Dec. 31	Cash dividends	33,320			2,379,760

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