?The comparative balance sheet of Whitman Co$.$ ?at December $31,20$Y$2$ ?and $20$Y$1,$ ?is as follows:

? Dec. $31,20$Y$2$ ? Dec. $31,20$Y$1$

Assets

Cash $ $591,830$ ? $ $637,340$ ?

Accounts receivable $($net$)538,570491,220$ ?

Inventories $816,730751,620$ ?

Prepaid expenses $18,94022,490$ ?

Land $203,590307,750$ ?

Buildings $941,010579,990$ ?

Accumulated depreciation$-$buildings $(266,320)(248,570)$ ?

Equipment $331,420292,960$ ?

Accumulated depreciation$-$equipment $(91,140)(102,390)$ ?

Total assets $$3,084,630$ ? $$2,732,410$ ?

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ ?$ $586,080$ ? $ $618,460$ ?

Bonds payable $172,7400$ ?

Common stock, $$20$ ?par $203,00075,000$ ?

Excess of paid$-$in capital over par $488,000360,000$ ?

Retained earnings $1,634,8101,678,950$ ?

Total liabilities and stockholders$$ ?equity $$3,084,630$ ? $$2,732,410$ ?

The noncurrent asset, noncurrent liability, and stockholders' equity accounts for $20$Y$2$ ?are as follows:

ACCOUNT Land ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $307,750$ ?

Apr. $20$ ?Realized $$96,900$ ?cash from sale $104,160203,590$ ?

ACCOUNT Buildings ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $579,990$ ?

Apr. $20$ ?Acquired for cash $361,020941,010$ ?

ACCOUNT Accumulated Depreciation$-$Buildings ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $248,570$

Dec. $31$ ?Depreciation for year $17,750266,320$

ACCOUNT Equipment ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $292,960$ ?

Jan. $26$ ?Discarded, no salvage $32,200260,760$ ?

Aug. $11$ ?Purchased for cash $70,660331,420$ ?

ACCOUNT Accumulated Depreciation$-$Equipment ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $102,390$

Jan. $26$ ?Equipment discarded $32,20070,190$

Dec. $31$ ?Depreciation for year $20,95091,140$

ACCOUNT Bonds Payable ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

May $1$ ?Issued $10-$year bonds $172,740172,740$

ACCOUNT Common Stock, $$20$ ?par ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $75,000$

Dec. $7$ ?Issued $6,400$ ?shares of common

stock for $$40$ ?per share $128,000203,000$

ACCOUNT Paid$-$in Capital in Excess of Par$-$Common Stock ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $360,000$

Dec. $7$ ?Issued $6,400$ ?shares of common

stock for $$40$ ?per share $128,000488,000$

ACCOUNT Retained Earnings ACCOUNT NO$.$

? Balance

Date Item Debit Credit Debit Credit

$20$Y$2$ ?

Jan. $1$ ?Balance $1,678,950$

Dec. $31$ ?Net loss $21,2501,657,700$

Dec. $31$ ?Cash dividends $22,8901,634,810$

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 $31,20$Y$2$

Cash flows from $($used for$)$ ?operating activities: blank

$$-$ ?Select $-$

Adjustments to reconcile net loss to net cash flows from $($used for$)$ ?operating activities:

$-$ ?Select $-$

$-$ ?Select $-$

Changes in current operating assets and liabilities: blank

$-$ ?Select $-$

$-$ ?Select $-$

$-$ ?Select $-$

$-$ ?Select $-$

Net cash flows used for operating activities blank $fill in the blank $15$

Cash flows from $($used for$)$ ?investing activities: blank

$$-$ ?Select $-$

$-$ ?Select $-$

$-$ ?Select $-$

Net cash flows used for investing activities blank fill in the blank $22$

Cash flows from $($used for$)$ ?financing activities: blank

$$-$ ?Select $-$

$-$ ?Select $-$

$-$ ?Select $-$

Net cash flows from financing activities blank fill in the blank $29$

blank $$-$ ?Select $-$

Cash balance, January $1,20$Y$2$ ?blank fill in the blank $32$

Cash balance, December $31,20$Y$2$ ?blank $fill in the blank $33$