The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 2041, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 844,390 $ 910,600 Accounts receivable (net) 768,390 700,840 Inventories 1,165,260 1,072,380 Prepaid expenses 27,020 32,090 Land 290,470 439,080 1,342,580 827,500 Buildings Accumulated depreciation-buildings (354,640) (379,980) 472,860 Equipment 417,970 Accumulated depreciation-equipment (130,040) (146,080) Total assets $4,400,950 $3,899,740 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 836,180 $ 882,390 Bonds payable 246,450 0 107,000 Common stock, $20 par Paid-in capital: Excess of issue price over par-common stock 289,000 695,000 513,000 Retained earnings 2,334,320 2,397,350 Total liabilities and stockholders' equity $4,400,950 $3,899,740 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2012 are as follows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 439,080 Apr. 20 Realized $138,200 cash from sale 148,610 290,470 ACCOUNT Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 827,500 Apr. 20Acquired for cash 515,080 1,342,580 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 354,640 Dec. 31 Depreciation for year 25,340 379,980 ACCOUNT Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 417,970 Jan. 26 Discarded, no salvage 46,000 371,970 Aug. 11 Purchased for cash 100,890 472,860 ACCOUNT Accumulated Depreciation Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 146,080 46,000 100,080 Jan. 26 Equipment discarded Dec. 31 Depreciation for year 29,960 130,040 ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2012 May 1 Issued 20-year bonds 246,450 246,450 ACCOUNT Common Stock, $20 par ACCOUNT NO. . Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 107,000 289,000 182,000 Dec. 7 Issued 9,100 shares of common stock for $40 per share ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2012 Jan. 1 Balance 513,000 182,000 695,000 Dec. 7 Issued 9,100 shares of common stock for $40 per share ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 1 2,397,350 2,367,000 Dec. 31 Net loss 30,350 Dec. 31 Cash dividends 32,680 2,334,320 Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from 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, 20Y2 Cash flows from operating activities: Adjustments to reconcile net loss to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow used for operating activities Cash flows from (used for) investing activities: o Net cash flow used for investing activities o Cash flows from (used for) financing activities: Net cash flow from financing activities dudu Cash at the beginning of the year Cash at the end of the year