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The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as follows: 1 Dec. 31, 2016 Dec. 31, 2015 2 Assets

The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as follows:

1

Dec. 31, 2016

Dec. 31, 2015

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

Paid-in capital: Excess of issue price over parcommon stock

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 2016 are as follows:

ACCOUNT Land

ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
2016
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
2016
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
2016
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
2016
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
2016
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
2016
May 1 Issued 20-year bonds 269,000 269,000

ACCOUNT Common Stock $25 par

ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
2016
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
2016
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
2016
Jan. 1 Balance 2,585,790
Dec. 31 Net loss 58,980 2,526,810
31 Cash dividends 31,610 2,495,200

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

Link to imgur is what i got wrong https://imgur.com/4eWIHu0

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