Statement of cash flows-indirect method The comparative balance sheet of Whitman Cn. at Deremher 31 . 2YY ) and 2nn1 is as fnllowe: Transactions and adjustments affecting the noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20 Y2 are as follows: Accumulated Equipment Jan. 1, 20Y2 Jan. 26 Aug. 11 Dec. 31 Dec. 31,20Y2 Jan. 1, 20Y2 May 1 Dec. 31,20Y2 Jan. 1, 20Y2 Dec. 7 Dec. 31,20Y2 Balances Discarded equipment, no salvage Purchased equipment for cash Depreciation for the year Balances Depreciation-Buildings $454,680 $158,760 (46,800) (46,800) 104,400 29,340$141,300 Bonds Payable Balance Issued 20-year bonds for face value Balance $0 270,000 $270,000 Common Stock, $25 par Balances Issued 8,000 shares of common stock for $50 per share Baiances $117,000 200,000 $317,000 Paid-In Capital in Excess of Par-Common Stock $558,000 200,000 repare 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 utflows, cash payments, decreases in cash, or any negative adjustments. Adjustments to reconcile net loss to net cash flows from (used for) operating activities: Depreciation Loss on sale of tand Changes in current operating assets and liabilities: Increase in accounts receivable v Increase in inventories Decrease in prepaid expenses Decrease in accounts payable Net cash flows used for operating activities Cash flows from (used for) investing activities: Cash received from land sold Cash paid for acquisition of building Cash paid for purchase of equipment Net cash flows used for investing activities $151,200 Cash flows from (used for) financing activities: Cash received from issuance of bonds payable Cash paid for issuance of common stock X Cash paid for dividends Net cash flows from financing activities Net decrease in cash Cash as of January 1, 20Y2 Cash as of December 31, 20 Y2