EBOOK calciator Statement of Cash Flows-Indirect Method The comparative balance sheet of Whitman Co. at December 31, 2012 and 2041, is as follows: Dec 31, 2012 Dec. 31, 2011 Assets Cash $ 629,310 Accounts receivable (net) 572,670 868,450 $ 677,900 522,330 799,220 Inventories Prepaid expenses 20,140 23,910 Land 216,480 1,000,600 327,240 616,720 Buildings Accumulated depreciation-buildings (283,190) 352,410 Equipment (264,310) 311,510 (108,870) Accumulated depreciation-equipment (96,910) Total assets $3,279,960 $2,905,650 $ 657,630 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $ 623,190 Bonds payable 183,680 Common stock, $20 par 216,000 Paid in capital: Excess of issue price over par.common stock 519,000 Retained earnings 1,738,090 80,000 383,000 1,785,020 Total liabilities and stockholders' equity $3,279,960 $2,905,650 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2012 are as follows: ACCOUNT Land ACCOUNT NO. Balance Debit Credit Debit Credit Date Item 2012 Jan. 1 Balance Apr. 20 Realized $103,000 cash from sale 327,240 216,480 110,760 ACCOUNT Buildings ACCOUNT NO. Balance Debit Debit Credit Credit Date 2012 Jan. 1 Balance Apr. 20Acquired for cash 616,720 1,000,600 383,880 ACCOUNT Accumulated Depreciation-Buildings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 2012 eBook Calculator Jan. 1 Balance Dec. 31 Depreciation for year 264,310 283,190 18,880 ACCOUNT Equipment ACCOUNT NO. Balance Debit | Credit Date Item Debit Credit 2012 Jan. 1 Balance Jan. 26 Disorded, no salvage Aug. 11 Purchased for cash 34,300 311,510 277,210 352,410 75,200 ACCOUNT Accumulated Depreciation-Equipment ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 108,870 2012 Jan. 1 Balance Jan. 26 Equipment discarded Dec. 31 Depreciation for year 34,300 74,570 96,910 22,340 ACCOUNT Bonds Payable ACCOUNT NO. eBook Calculator ACCOUNT Bonds Payable ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 2042 May 1 Issued 20-year bonds 183,680 183,680 ACCOUNT Common Stock, $20 par ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 2012 Jan. 1 Balance Dec. 7 Issued 6,800 shares of common stock for $40 per share 80,000 216,000 136,000 ACCOUNT Paid-in Capital in Excess of Par-Common Stock ACCOUNT NO. Balance Debit Credit Debit Credit Date Item 2012 Jan. 1 Balance Dec. 7 Issued 6,800 shares of common 383,000 519,000 136,000 ChocoM stock for $40 per share ACCOUNT Retained Earnings ACCOUNT NO Balance Date Item Debit Credit Debit Credit 1,785,020 2012 Jan. 1 Balance Dec. 31 Net loss Dec. 31 cash dividends Required: 1,762,420 22,600 24,330 1,738,090 Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign 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: Net loss Adjustments to reconcile net loss to net cash flow from operating activities: Changes in current operating assets and liabilities: Check My Work Previous Calculator Cash flows from operating activities: Net loss Cash Rows from operating activities: Adjustments to reconcile net loss to net cash flow from operating activities: Changes in current operating assets and liabilities: 10 dropdown Net cash flow used for operating activities Cash flows from (used for) investing activities: 0.0001 II II 0 0 0 Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash paid for retained earnings x Net cash flow from financing activities Check My Work et cash flow used for operating activities cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (ustd for) financing activities: Cash paid for retained earnings 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 Check My Work Calculate the increases and decreases in the current itv accounts over the narod How do these increases or decreases impact