The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 2041, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash $ 570,490 441,290 Accounts receivable (net) Inventories Prepaid expenses Land $ 531,680 483,830 733,720 17,010 182,900 845,370 (239,260) 297,740 (81,880) Buildings 675,230 20,200 276,470 521,050 (223,310) 263,180 (91,980) Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Total assets $2,771,110 $2,452,620 $ 555,610 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 526,510 Bonds payable 155,180 Common stock, $20 par 184,000 Paid-in capital: Excess of issue price over par-common stock 439,000 Retained earnings 1,466,420 Total liabilities and stockholders' equity $2,771,110 68,000 323,000 1,506,010 $2,452,620 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 2012 Jan. 1 Balance Apr. 20 | Realized $87,000 cash from sale 276,470 93,570 182,900 ACCOUNT Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 Jan. 1 Balance Apr. 20Acquired for cash 521,050 845,370 324,320 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. Balance Date Item Debit Credit Debit | Credit 20Y2 Jan. 1 Balance Dec. 31 Depreciation for year 223,310 239,260 15,950 ACCOUNT Equipment ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 20Y2 Jan. 1 Balance 28,900 Jan. 26 Discarded, no salvage Aug. 11 Purchased for cash 263,180 234,280 297,740 63,460 ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 20Y2 Jan. 1 Balance Jan. 26 Equipment discarded Dec. 31 Depreciation for year 28,900 91,980 63,080 81,880 18,800 ACCOUNT Bonds Payable ACCOUNT NO. Balance Date I Item Debit HERE Credit Debit Credit 20Y2 May 1 Issued 15-year bonds 155,180 155,180 ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 20Y2 68,000 Jan. 1 Balance Dec. 7|Issued 5,800 shares of common stock for $40 per share 116,000 184,000 ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Date Item Debit Credit Debit | Credit 20Y2 323,000 Jan. 1 Balance Dec. 7 Issued 5,800 shares of common stock for $40 per share 116,000 439,000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1,506,010 20Y2 Jan. 1 Balance Dec. 31 Net loss Dec. 31 Cash dividends 19,060 1,486,950 1,466,420 20,530 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: 000 000 do 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