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Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities ACCOUNT Common Stock \$25 par ACCOUNT Paid-In Capital in Excess of Par-Common Stock ACCOUNT Bonds Payable ACCOUNT Accumulated Depreciation-Equipment The comparative balance sheet of Whitman Co at December 31,20Y2 and 20Y1, is as follows: ACCOUNT Buildings ACCOUNT Accumulated Depreciation-Buildings ACCOUNT Equipment Labels Cash flows from (used for) operating activities Cash flows from (used for) investing activities Cash flows from (used for) financing activities December 31,20Y2 For the Year Ended December 31, 20 Y2 Amount Descriptions Cash paid for acquisition of building Cash paid for dividends Cash paid for merchandise Cash paid for purchase of equipment Depreciation Gain on sale of investments Gain on sale of land Increase in accounts payable Increase in accounts receivable increase in inventories Increase in prepaid expenses Increase in salaries payable Issuance of common stock for acquisition of building Issuance of common stock for purchase of equipment Issuance of common stock to retire bonds Loss on sale of investments Whitman Co. Score: 58/197 Statement of Cash Flows (Label) \begin{tabular}{l} Cash flow: \\ Net loss \\ \hline \end{tabular} Adjustments to reconcile net loss to net cash flows from (used for) operating activities: \begin{tabular}{|lr|} \hline depreciation expense & 55,620.004 \\ \hline Loss on sale of land & 12,600.00 \end{tabular} Changes in-current operating asets and liabilities: he noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: ACCOUNT Retained Earnings Loss on sale of land Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net decrease in cash Net income Net increase in cash Net loss Cash received from customers Cash received from issuance of bonds payable Cash received from issuance of common stock Cash received from land sold Cash balance, January 1,20Y2 Cash balance, December 31,20 Y 2 Decrease in accounts payable Decrease in accounts receivable Decrease in inventories Decrease in prepaid expenses Decrease in salaries payable \begin{tabular}{|c|c|c|c|} \hline & Buildings & 1,462,500.00 & 900,900.00 \\ \hline & Accumulated depreciation-buildings & (408,600.00) & (382,320.00) \\ \hline 10 & Equipment & 512.280 .00 & 454,680.00 \\ \hline 11 & Accumulated depreciation-equipment & (141,300,00) & (158,760.00) \\ \hline 12 & Total assets & $4,785,480.00 & $4,219,020.00 \\ \hline 13 & Liabilities and Stockholders' Equity & & \\ \hline 14 & Accounts payable (merchandise creditors) & $922,500.00 & $958,320.00 \\ \hline 15 & 5 Bondspayable & 270,000.00 & 0.00 \\ \hline 16 & Common stack 525 par & 317,000,00 & 117,000,00 \\ \hline v & Paid-in capital in excess of par-common stock & 758,000,00 & 558,000,00 \\ \hline \end{tabular}

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