Statement of Cash Flows-Indirect Method The comparative balance sheet of Whitman Co. at December 31, 2012 and 2041, is as follows: Dec 31, 2012 Dec. 31, 2011 Assets $ 819,550 630,990 965,490 28,890 395,320 745,030 (319,300) 376,310 Cash $760,230 Accounts receivable (net) 691,810 Inventories 1,049,120 Prepaid expenses 24,330 Land 261,520 Buildings 1,208,770 Accumulated depreciation-buildings (342,100) Equipment 425,730 Accumulated depreciation-equipment (117,080) Total assets $3,962,330 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 752,840 Bonds payable 221,890 Common stock, $20 par 261,000 Paid-in capital: Excess of issue price over par-common stock 626,000 Retained earnings 2,100,600 Total liabilities and stockholders' equity $3,962,330 (131,520) $3,510,760 $ 794,440 0 97,000 462,000 2,157,320 $3,510,760 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Debit Statement of Cash Flows-Indirect Method The comparative balance sheet of Whitman Co. at December 31, 2012 and 2041, is as follows: Dec 31, 2012 Dec. 31, 2011 Assets $ 819,550 630,990 965,490 28,890 395,320 745,030 (319,300) 376,310 Cash $760,230 Accounts receivable (net) 691,810 Inventories 1,049,120 Prepaid expenses 24,330 Land 261,520 Buildings 1,208,770 Accumulated depreciation-buildings (342,100) Equipment 425,730 Accumulated depreciation-equipment (117,080) Total assets $3,962,330 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 752,840 Bonds payable 221,890 Common stock, $20 par 261,000 Paid-in capital: Excess of issue price over par-common stock 626,000 Retained earnings 2,100,600 Total liabilities and stockholders' equity $3,962,330 (131,520) $3,510,760 $ 794,440 0 97,000 462,000 2,157,320 $3,510,760 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Debit