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

	Dec. 31, 20Y2			Dec. 31, 20Y1
Assets
Cash	$ 818,950			$ 884,200
Accounts receivable (net)	745,240			679,730
Inventories	1,130,150			1,040,070
Prepaid expenses	26,210			31,120
Land	281,720			425,850
Buildings	1,302,130			802,570
Accumulated depreciation-buildings	(368,530)			(343,960)
Equipment	458,610			405,380
Accumulated depreciation-equipment	(126,120)			(141,680)
Total assets	$4,268,360			$3,783,280
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)	$ 810,990			$ 855,800
Bonds payable	239,030			0
Common stock, $20 par	280,000			104,000
Paid-in capital: Excess of issue price over par-common stock	674,000			498,000
Retained earnings	2,264,340			2,325,480
Total liabilities and stockholders' equity	$4,268,360			$3,783,280

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			425,850
Apr. 20	Realized $134,000 cash from sale		144,130	281,720

ACCOUNT Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			802,570
Apr. 20	Acquired for cash	499,560		1,302,130

ACCOUNT Accumulated Depreciation-Buildings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				343,960
Dec. 31	Depreciation for year		24,570		368,530

ACCOUNT Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance			405,380
Jan. 26	Discarded, no salvage		44,600	360,780
Aug. 11	Purchased for cash	97,830		458,610

ACCOUNT Accumulated Depreciation-Equipment				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				141,680
Jan. 26	Equipment discarded	44,600			97,080
Dec. 31	Depreciation for year		29,040		126,120

ACCOUNT Bonds Payable				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
May 1	Issued 20-year bonds		239,030		239,030

ACCOUNT Common Stock, $20 par				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				104,000
Dec. 7	Issued 8,800 shares of common stock for $40 per share		176,000		280,000

ACCOUNT Paid-in Capital in Excess of Par-Common Stock				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				498,000
Dec. 7	Issued 8,800 shares of common stock for $40 per share		176,000		674,000

ACCOUNT Retained Earnings				ACCOUNT NO.
				Balance
Date	Item	Debit	Credit	Debit	Credit
20Y2
Jan. 1	Balance				2,325,480
Dec. 31	Net loss	29,440			2,296,040
Dec. 31	Cash dividends	31,700			2,264,340

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 out flows, 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 cashflow from operating activities:
Changes in current operating assets and liabilities:
Net cash flow used for operating activities		$
Cash flows from investing activities:
	$
Net cash flow used for investing activities
Cash flows from financing activities:
	$
Net cash flow from financing activities
		$
Cash at the beginning of the year
Cash at the end of the year		$