Statement of Cash Flows The comparative balance sheet of Whitman Co. at December 31,20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20 Y2 are as follows: ACCOUNT Accumulated Depreciation-Eauinment ACCOUNT Common Stock, \$20 par ACCOUNT NO. \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multirow[b]{2}{*}{ Item } & \multirow[b]{2}{*}{ Debit } & \multirow[b]{2}{*}{ Credit } & \multicolumn{2}{|c|}{ Balance } \\ \hline & & & & Debit & Credit \\ \hline 20Y2 & & & & & \\ \hline Jan. 1 & Balance & & & & 80,000 \\ \hline Dec. 7 & \begin{tabular}{l} Issued 6,800 shares of common \\ stock for $40 per share \end{tabular} & & 136,000 & & 216,000 \\ \hline \end{tabular} ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multirow[b]{2}{*}{ Item } & \multirow[b]{2}{*}{ Debit } & \multirow[b]{2}{*}{ Credit } & \multicolumn{2}{|c|}{ Balance } \\ \hline & & & & Debit & Credit \\ \hline 20Y2 & & & & & \\ \hline Jan. 1 & Balance & & 4 & & 382,000 \\ \hline Dec. 7 & \begin{tabular}{l} Issued 6,800 shares of common \\ stock for $40 per share \end{tabular} & & 136,000 & & 518,000 \\ \hline \end{tabular} ACCOUNT Retained Earnings ACCOUNT NO. \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Date } & \multirow[b]{2}{*}{ Item } & \multirow[b]{2}{*}{ Debit } & \multirow[b]{2}{*}{ Credit } & \multicolumn{2}{|c|}{ Balance } \\ \hline & & & & Debit & Credit \\ \hline 20Y2 & & & & & \\ \hline Jan. 1 & Balance & & & & 1,781,720 \\ \hline Dec. 31 & Net loss & 22,550 & & & 1,759,170 \\ \hline Dec. 31 & Cash dividends & 24,290 & & & 1,734,880 \\ \hline \end{tabular} negative edjustments Whitman Co. Statement of Cash Flows For the Year Ended December 31, 20 Y Cash fows from (usad for) ocerating activities: Adjustments to reconsie het loss to net cash flows from (uted for) operating actovites: Changes in current cobratikg absets and tiabilities: Net tash fows used far eperating activities Cash flews from (used for) investing activities Net cash flows used for inverting anctiveies Cash flows from (csed foen) financing activiter: Net cash flows from financing activities Cash balance, January 1, 20 Y 2 Cash balance, December 31,20Y2