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

	Dec. 31, 20Y2			Dec. 31, 20Y1
Assets
Cash	$ 709,720			$ 763,230
Accounts receivable (net)	645,850			589,070
Inventories	979,410			901,340
Prepaid expenses	22,710			26,970
Land	244,140			369,050
Buildings	1,128,450			695,530
Accumulated depreciation-buildings	(319,370)			(298,080)
Equipment	397,440			351,310
Accumulated depreciation-equipment	(109,300)			(122,780)
Total assets	$3,699,050			$3,275,640
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 702,820			$ 741,660
Bonds payable	207,150			0
Common stock, $20 par	244,000			90,000
Paid-in capital: Excess of issue price over par-common stock	586,000			432,000
Retained earnings	1,959,080			2,011,980
Total liabilities and stockholders equity	$3,699,050			$3,275,640

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			369,050
Apr. 20	Realized $116,200 cash from sale		124,910	244,140

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			695,530
Apr. 20	Acquired for cash	432,920		1,128,450

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				298,080
Dec. 31	Depreciation for year		21,290		319,370

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			351,310
Jan. 26	Discarded, no salvage		38,600	312,710
Aug. 11	Purchased for cash	84,730		397,440

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				122,780
Jan. 26	Equipment discarded	38,600			84,180
Dec. 31	Depreciation for year		25,120		109,300

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 15-year bonds		207,150		207,150

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				90,000
Dec. 7	Issued 7,700 shares of common stock for $40 per share		154,000		244,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				432,000
Dec. 7	Issued 7,700 shares of common stock for $40 per share		154,000		586,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				2,011,980
Dec. 31	Net loss	25,470			1,986,510
Dec. 31	Cash dividends	27,430			1,959,080

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:
	$
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
	$
Net cash flow from financing activities
		$
Cash at the beginning of the year
Cash at the end of the year		$