The comparative balance sheet of Whitman Co$.$ at December $31,20$Y$2$ and $20$Y$1,$ is as follows:

Dec. $31,20$Y$2$ Dec. $31,20$Y$1$

Assets

Cash $ $927,850$ $ $1,000,560$

Accounts receivable $($net$)844,340770,120$

Inventories $1,280,4301,178,370$

Prepaid expenses $29,69035,260$

Land $319,180482,480$

Buildings $1,475,280909,290$

Accumulated depreciation$-$buildings $(417,530)(389,700)$

Equipment $519,600459,290$

Accumulated depreciation$-$equipment $(142,890)(160,520)$

Total assets $$4,835,950$ $$4,285,150$

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ $ $918,830$ $ $969,600$

Bonds payable $270,8100$

Common stock, $$20$ par $318,000118,000$

Excess of paid$-$in capital over par $764,000564,000$

Retained earnings $2,564,3102,633,550$

Total liabilities and stockholders$$ equity $$4,835,950$ $$4,285,150$

The noncurrent asset, noncurrent liability, and stockholders' equity accounts for $20$Y$2$ are as follows:

ACCOUNT Land ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $482,480$

Apr. $20$ Realized $$151,900$ cash from sale $163,300319,180$

ACCOUNT Buildings ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $909,290$

Apr. $20$ Acquired for cash $565,9901,475,280$

ACCOUNT Accumulated Depreciation$-$Buildings ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $389,700$

Dec. $31$ Depreciation for year $27,830417,530$

ACCOUNT Equipment ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $459,290$

Jan. $26$ Discarded, no salvage $50,500408,790$

Aug. $11$ Purchased for cash $110,810519,600$

ACCOUNT Accumulated Depreciation$-$Equipment ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $160,520$

Jan. $26$ Equipment discarded $50,500110,020$

Dec. $31$ Depreciation for year $32,870142,890$

ACCOUNT Bonds Payable ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

May $1$ Issued $20-$year bonds $270,810270,810$

ACCOUNT Common Stock, $$20$ par ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $118,000$

Dec. $7$ Issued $10,000$ shares of common

stock for $$40$ per share $200,000318,000$

ACCOUNT Paid$-$in Capital in Excess of Par$-$Common Stock ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $564,000$

Dec. $7$ Issued $10,000$ shares of common

stock for $$40$ per share $200,000764,000$

ACCOUNT Retained Earnings ACCOUNT NO$.$

Balance

Date Item Debit Credit Debit Credit

$20$Y$2$

Jan. $1$ Balance $2,633,550$

Dec. $31$ Net loss $33,3402,600,210$

Dec. $31$ Cash dividends $35,9002,564,310$

Required:

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ 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 $31,20$Y$2$

Cash flows from $($used for$)$ operating activities: blank

$$-$ Select $-$

Adjustments to reconcile net loss to net cash flows from $($used for$)$ operating activities:

$-$ Select $-$

$-$ Select $-$

Changes in current operating assets and liabilities: blank

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Net cash flows used for operating activities blank $fill in the blank $15$

Cash flows from $($used for$)$ investing activities: blank

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Net cash flows used for investing activities blank fill in the blank $22$

Cash flows from $($used for$)$ financing activities: blank

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$

Net cash flows from financing activities blank fill in the blank $29$

blank $$-$ Select $-$

Cash balance, January $1,20$Y$2$ blank fill in the blank $32$

Cash balance, December $31,20$Y$2$ blank $fill in the blank $33$