Week 7 Assignment Statement of Cash Flows-Indirect Method The comparative balance sheet of Whitman Co. at December 31, 2072 and 20Y1, is as follows: Dec 31, 2012 Dec 31, 2011 Assets Cash 1714,200 3 770,050 Accounts receivable net) 649.920 Inventories 985.600 907.000 Prepaid expenses 22,050 27,140 37,80 Bulling Accumulated depreciation buildings (32.790) Ement 399,950 353,530 Accumulated depreciation event (123.560) $1,722,400 $3.29.220 Liabilities and Stockholders' Equity Accounts payable merchandise creditors) 5707,200 5746,340 Bonds payable 208,450 Common stock, 520 par 245,000 91.000 Paid in capital: Excess of sue price over par.common stock 568,000 Retained earrings 1,973,690 2,000, Totallaties and stockholders' equity $1,722.400 33.29.320 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 2072 are as follows: ACCOUNT Land ACCOUNT NO Balance Data Credit Credit 2012 Jan. 1ance 371.30 Apr 20 Realized 5116,500 cash from sale Debit 125.700 ACCOUNT Buildings ACCOUNT NO Debit Credit Det Credia 2012 699.920 Apr. 20Acquired for cash ACCOUNT Accumulated Depreciation Buildings ACCOUNT NO. Balance Debit Credit Debit Credit Date 2021 Jan. ance Dec 31 Depreciation for year 121,00 ACCOUNT Equipment ACCOUNT NO Balance Debit Credit Them Debit Credit 2072 Jan Balance 353,530 Check My Wor Previous Week 7 Assignment ACCOUNT Equipment ACCOUNT NO Debi Credit Credit Date Item 2013 Janne Jan 26 de salvage Aug 1Purchased for cash 38. 39.90 ACCOUNT Accumulated Depreciation Equipment ACCOUNT NO Det De Credit Date 2012 Jonance Jan. 26 quiment Garded Dec. 31 Depreciation for 38,00 1000 ACCOUNT Bonds Payable Date Deb Credit 2012 May issued 15-year bonds ACCOUNT Common Stock, $20 par ACCOUNT NO Debit 2012 90.000 245.000 Dec. und 7,700 shares of common stock for $40 persone 154,000 ACCOUNT NO ACCOUNT Paid-in Capital in Excess of Par-Common Stock Debat Credit Date 2072 4.000 15. Dec sed 7,700 shares of common to for 540 per share ACCOUNT Retained Earnings ACCOUNT NO 2011 Dec 31 et oss 2.000 Dec 31 cash dividends 27.000 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 Previous Week 7 Assignment 2012 91,000 Dec 7,700 shares of common 154,000 245.000 stock for 540 per share ACCOUNT Paid-in Capital in Excess of Par-Common ACCOUNT NO Stock Balance De Credit Debit Credit 2012 Jan. Belance | 434.000 Dec.issued 7,700 shares of common 154.000 588,000 stock for 540 per share ACCOUNT Retained Earnings ACCOUNT NO Balance Debit Credit Det Credit 2012 Jan. 1 Balance 2,626,90 Dec 31 Netloss 25.650 2,001,320 Dec 31 Cash dividends 27.630 1,973.60 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 Statement of Cash Flow For the Year Ended December 31, 2012 Cashflows from perigi Adjustment to contenere how from operating Changes in current operatings and bites 1000 100 101 10 0 Cash fous trom used for en die Net cash flowed for investing activities Natashow Cathering of the year