The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 837,000 $ 903,440 Accounts receivable (net) 761,670 694,710 Inventories 1,155,060 1,062,990 Prepaid expenses 26,780 31,810 Land 287,930 435,240 Buildings 1,330,830 820,260 Accumulated depreciation-buildings (376,650) (351,540) Equipment 468,720 414,320 Accumulated depreciation-equipment (128,900) (144,800) Total assets $4,362,440 $3,866,430 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 828,860 $ 874,660 Bonds payable 244,300 0 Common stock, $20 par 286,000 106,000 Paid-in capital: Excess of issue price over par-common stock 689,000 509,000 Retained earnings 2,314,280 2,376,770 Total liabilities and stockholders equity $4,362,440 $3,866,430 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 435,240 Apr. 20 Realized $137,000 cash from sale 147,310 287,930 ACCOUNT Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 820,260 Apr. 20 Acquired for cash 510,570 1,330,830 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 351,540 Dec. 31 Depreciation for year 25,110 376,650 ACCOUNT Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 414,320 Jan. 26 Discarded, no salvage 45,600 368,720 Aug. 11 Purchased for cash 100,000 468,720 ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 144,800 Jan. 26 Equipment discarded 45,600 99,200 Dec. 31 Depreciation for year 29,700 128,900 ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 May 1 Issued 10-year bonds 244,300 244,300 ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 106,000 Dec. 7 Issued 9,000 shares of common stock for $40 per share 180,000 286,000 ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 509,000 Dec. 7 Issued 9,000 shares of common stock for $40 per share 180,000 689,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance 2,376,770 Dec. 31 Net loss 30,090 2,346,680 Dec. 31 Cash dividends 32,400 2,314,280 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.