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

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	$918,000.00	$964,800.00
4	Accounts receivable (net)	828,900.00	761,940.00
5	Inventories	1,268,460.00	1,162,980.00
6	Prepaid expenses	29,340.00	35,100.00
7	Land	315,900.00	479,700.00
8	Buildings	1,462,500.00	900,900.00
9	Accumulated depreciation-buildings	(408,600.00)	(382,320.00)
10	Equipment	512,280.00	454,680.00
11	Accumulated depreciation-equipment	(141,300.00)	(158,760.00)
12	Total assets	$4,785,480.00	$4,219,020.00
13	Liabilities and Stockholders Equity
14	Accounts payable (merchandise creditors)	$922,500.00	$958,320.00
15	Bonds payable	270,000.00	0.00
16	Common stock, $25 par	317,000.00	117,000.00
17	Excess of paid-in capital over par	758,000.00	558,000.00
18	Retained earnings	2,517,980.00	2,585,700.00
19	Total liabilities and stockholders equity	$4,785,480.00	$4,219,020.00

The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows:

use the labels and amount descriptions given.

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.

ACCOUNT Land ACCOUNT Buildings ACCOUNT Accumulated Depreciation-Buildings ACCOUNT Equipment ACCOUNT Accumulated Depreciation -Equipment ACCOUNT Bonds Payable ACCOUNT Common Stock $25 par ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT Retained Earnings 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. Labels December 31, 20Y2 For the Year Ended December 31, 20Y2 Amount Descriptions Cash received from sale of land Cash paid for acquisition of building Cash paid for purchase of equipment Cash received from issuing bonds payable Cash received from issuing common stock Cash dividends Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid expenses Decrease in salaries payable Depreciation Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in inventories Increase in prepaid expenses Increase in salaries payable Loss on sale of land Net increase in cash Net decrease in cash Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net income Net loss Statement of Cash Flows (Label) 1 Cash flows from (used for) operating activities: 2 Adjustments to reconcile net loss to net cash flows from (used for) operating activities: 4 Depreciation 5 6 Changes in current operating assets and liabilities: 7 Increase in accounts receivable 8 Increase in inventories 9 Decrease in accounts payable 10 11 12 Cash flows from (used for) investing activities: 13 Cash paid for purchase of equipment 14 15 16 17 Cash flows from (used for) financing activities: 18 Cash received from issuing common stock 19 Cash dividends 20 21 22 Net decrease in cash 23 Cash balance, January 1,20Y2 24 Cash balance, December 31, 20 Y2