a. Land was sold for $120. b. Equipment was acquired for cash c. There were no disposals of equipment during the year, d. The common stock was issued for cash. e. There was a $62 credit to Retained Earnings for net income. f. There was a $24 debit to Retained Earnings for cash dividends dedared. a. Prepare a statement of cash flows, using the indirect method of presenting Cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Olson-Jones Industries, Inc Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from operating activities: djustments to reconcle net income to net cash flow from corting activities Changes in Current rating assets and bites Increase in account a ble Increase in inventores Increase in accounts paranta Net cash flow from operating activities Cash flows from investing active a. Land was sold for $120. b. Equipment was acquired for cash c. There were no disposals of equipment during the year, d. The common stock was issued for cash. e. There was a $62 credit to Retained Earnings for net income. f. There was a $24 debit to Retained Earnings for cash dividends dedared. a. Prepare a statement of cash flows, using the indirect method of presenting Cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Olson-Jones Industries, Inc Statement of Cash Flows For the Year Ended December 31, 2012 Cash flows from operating activities: djustments to reconcle net income to net cash flow from corting activities Changes in Current rating assets and bites Increase in account a ble Increase in inventores Increase in accounts paranta Net cash flow from operating activities Cash flows from investing active