The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 671,660 $ 725,900 Accounts receivable (net) 611,210 557,480 Inventories 926,890 853,010 Prepaid expenses 21,490 25,520 Land 231,050 349,260 Buildings 1,067,940 658,230 Accumulated depreciation-buildings (302,250) (282,100) Equipment 376,130 332,470 Accumulated depreciation-equipment (103,440) (116,200) Total assets $3,500,680 $3,103,570 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 665,130 $ 701,880 Bonds payable 196,040 0 Common stock, $20 par 229,000 85,000 Excess of paid-in capital over par 552,000 408,000 Retained earnings 1,858,510 1,908,690 Total liabilities and stockholders equity $3,500,680 $3,103,570 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 349,260 Apr. 20 Realized $109,900 cash from sale 118,210 231,050 ACCOUNT Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 658,230 Apr. 20 Acquired for cash 409,710 1,067,940 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 282,100 Dec. 31 Depreciation for year 20,150 302,250 ACCOUNT Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 332,470 Jan. 26 Discarded, no salvage 36,600 295,870 Aug. 11 Purchased for cash 80,260 376,130 ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 116,200 Jan. 26 Equipment discarded 36,600 79,600 Dec. 31 Depreciation for year 23,840 103,440 ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 May 1 Issued 20-year bonds 196,040 196,040 ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 85,000 Dec. 7 Issued 7,200 shares of common stock for $40 per share 144,000 229,000 ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 408,000 Dec. 7 Issued 7,200 shares of common stock for $40 per share 144,000 552,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 1,908,690 Dec. 31 Net loss 24,160 1,884,530 Dec. 31 Cash dividends 26,020 1,858,510

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.