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	$918,330.00	$965,220.00
4	Accounts receivable (net)	828,620.00	761,010.00
5	Inventories	1,268,630.00	1,162,990.00
6	Prepaid expenses	30,290.00	35,390.00
7	Land	315,080.00	478,880.00
8	Buildings	1,462,320.00	899,910.00
9	Accumulated depreciation-buildings	(408,210.00)	(382,220.00)
10	Equipment	511,480.00	454,920.00
11	Accumulated depreciation-equipment	(140,580.00)	(159,440.00)
12	Total assets	$4,785,960.00	$4,216,660.00
13	Liabilities and Stockholders Equity
14	Accounts payable (merchandise creditors)	$923,090.00	$958,100.00
15	Bonds payable	269,000.00	0.00
16	Common stock, $25 par	325,500.00	118,000.00
17	Paid-in capital: Excess of issue price over parcommon stock	766,500.00	559,000.00
18	Retained earnings	2,501,870.00	2,581,560.00
19	Total liabilities and stockholders equity	$4,785,960.00	$4,216,660.00

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			478,880
Apr.	20	Realized $150,210 cash from sale		163,800	315,080

ACCOUNT Buildings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance			899,910
Apr.	20	Acquired for cash	562,410		1,462,320

ACCOUNT Accumulated DepreciationBuildings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				382,220
Dec.	31	Depreciation for year		25,990		408,210

ACCOUNT Equipment

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance			454,920
	26	Discarded, no salvage		47,120	407,800
Aug.	11	Purchased for cash	103,680		511,480

ACCOUNT Accumulated Depreciation Equipment

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				159,440
	26	Equipment discarded	47,120			112,320
Dec.	31	Depreciation for year		28,260		140,580

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 8,300 shares of common stock for $50 per share		207,500		325,500

ACCOUNT Paid-In Capital in Excess of ParCommon Stock

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				559,000
Dec.	7	Issued 8,300 shares of common stock for $50 per share		207,500		766,500

ACCOUNT Retained Earnings

					ACCOUNT NO.
					Balance
Date		Item	Debit	Credit	Debit	Credit
20Y2
Jan.	1	Balance				2,581,560
Dec.	31	Net loss	47,830			2,533,730
	31	Cash dividends	31,860			2,501,870

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. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.