The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows:

	Dec. 31, 20Y2			Dec. 31, 20Y1
Assets
Cash	$ 738,430			$ 794,580
Accounts receivable (net)	671,970			612,900
Inventories	1,019,030			937,810
Prepaid expenses	23,630			28,060
Land	254,020			383,980
Buildings	1,174,100			723,660
Accumulated depreciation-buildings	(332,290)			(310,140)
Equipment	413,520			365,520
Accumulated depreciation-equipment	(113,720)			(127,750)
Total assets	$3,848,690			$3,408,620
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 731,250			$ 771,660
Bonds payable	215,530			0
Common stock, $20 par	254,000			94,000
Paid-in capital: Excess of issue price over par-common stock	609,000			449,000
Retained earnings	2,038,910			2,093,960
Total liabilities and stockholders equity	$3,848,690			$3,408,620

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			383,980
Apr. 20	Realized $120,900 cash from sale		129,960	254,020

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			723,660
Apr. 20	Acquired for cash	450,440		1,174,100

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				310,140
Dec. 31	Depreciation for year		22,150		332,290

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			365,520
Jan. 26	Discarded, no salvage		40,200	325,320
Aug. 11	Purchased for cash	88,200		413,520

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				127,750
Jan. 26	Equipment discarded	40,200			87,550
Dec. 31	Depreciation for year		26,170		113,720

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 20-year bonds		215,530		215,530

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				94,000
Dec. 7	Issued 8,000 shares of common stock for $40 per share		160,000		254,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				449,000
Dec. 7	Issued 8,000 shares of common stock for $40 per share		160,000		609,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				2,093,960
Dec. 31	Net loss	26,510			2,067,450
Dec. 31	Cash dividends	28,540			2,038,910

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:
Net loss	$
Adjustments to reconcile net loss to net cash flow from operating activities:
Depreciation
Loss on sale of land
Changes in current operating assets and liabilities:
Increase in accounts receivable
Increase in inventories
Decrease in prepaid expenses
Decrease in accounts payable
Net cash flow used for operating activities		$
Cash flows from (used for) investing activities:
Cash from land sold	$
Cash used for acquisition of building
Cash used for purchase of equipment
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
Cash from issuance of bonds payable	$
Cash from issuance of common stock
Cash used for dividends
Net cash flow from financing activities
Decrease in cash		$
Cash at the beginning of the year
Cash at the end of the year		$