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

1		Dec. 31, 20Y2	Dec. 31, 20Y1
2	Assets
3	Cash	$917,690.00	$964,930.00
4	Accounts receivable (net)	828,620.00	762,860.00
5	Inventories	1,267,970.00	1,162,780.00
6	Prepaid expenses	29,050.00	36,010.00
7	Land	315,250.00	480,690.00
8	Buildings	1,462,990.00	901,470.00
9	Accumulated depreciation-buildings	(409,170.00)	(382,690.00)
10	Equipment	511,480.00	453,680.00
11	Accumulated depreciation-equipment	(142,100.00)	(159,400.00)
12	Total assets	$4,781,780.00	$4,220,330.00
13	Liabilities and Stockholders Equity
14	Accounts payable (merchandise creditors)	$923,380.00	$958,540.00
15	Bonds payable	269,000.00	0.00
16	Common stock, $25 par	323,000.00	118,000.00
17	Excess of paid-in capital over par	771,200.00	558,000.00
18	Retained earnings	2,495,200.00	2,585,790.00
19	Total liabilities and stockholders equity	$4,781,780.00	$4,220,330.00

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			480,690
Apr.	20	Realized $153,400 cash from sale		165,440	315,250

ACCOUNT Buildings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance			901,470
Apr.	20	Acquired for cash	561,520		1,462,990

ACCOUNT Accumulated DepreciationBuildings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				382,690
Dec.	31	Depreciation for year		26,480		409,170

ACCOUNT Equipment

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance			453,680
	26	Discarded, no salvage		46,270	407,410
Aug.	11	Purchased for cash	104,070		511,480

ACCOUNT Accumulated Depreciation Equipment

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				159,400
	26	Equipment discarded	46,270			113,130
Dec.	31	Depreciation for year		28,970		142,100

ACCOUNT Bonds Payable

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
May	1	Issued 20-year bonds		269,000		269,000

ACCOUNT Common Stock $25 par

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				118,000
Dec.	7	Issued 8,200 shares of common stock for $51 per share		205,000		323,000

ACCOUNT Paid-In Capital in Excess of ParCommon Stock

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				558,000
Dec.	7	Issued 8,200 shares of common stock for $51 per share		213,200		771,200

ACCOUNT Retained Earnings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				2,585,790
Dec.	31	Net loss	58,980			2,526,810
	31	Cash dividends	31,610			2,495,200

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow for each section, if required.