The comparative balance sheet of Whitman Co. at December 31.20Y2 and 20Y1. is as follows: Retained earnings Total liabilities and stockholders' equity The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Land ACCOUNT NO. \begin{tabular}{r|l|c|c|c|c} \hline \multicolumn{1}{r|}{} & & & & \multicolumn{2}{|c}{ Balance } \\ \cline { 5 - 6 } Date & Item & Debit & Credit & Debit & Credit \\ \hline 20Y2 & & & & & \\ Jan. 1 & Balance & & & 378,720 \\ Apr. 20 & Realized $119,200 cash from sale & & 128,180 & 250,540 \end{tabular} ACCOUNT Buildings ACCOUNT NO. ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO. \begin{tabular}{c|c|c|c|c|c} \hline & & & & \multicolumn{2}{|c|}{ Balance } \\ \cline { 2 - 5 } Date & Ttam & Nohit & Credit & Nohit & Cradit \end{tabular} ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO. ACCOUNT Bonds Payable ACCOUNT NO. \begin{tabular}{r|c|c|c|c|c} \hline \multicolumn{1}{c|}{ Date } & Item & \multirow{2}{*}{ Debit } & Credit & \multicolumn{2}{|c}{ Balance } \\ \cline { 3 - 6 } 20Debit & & & Credit \\ \hline May 1 & Issued 15-year bonds & & 212,570 & & 212,570 \end{tabular} ACCOUNT Common Stock, $20 par ACCOUNT NO. ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the outflows, cash payments, decreases in cash, or any negative adjustments. Whitman Co. Statement of Cash Flows Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash paid for issuance of common stock X Net cash flow from financing activities Decrease in cash Cash at the beginning of the year Cash at the end of the year Feedback