Accounting Information Systems and Financial Statement Analysis Statement of cash flows-indirect method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows (presented in thousands): Dec. 31, 2012 Dec. 31, 20Y1 $ 14 Assets Cash Accounts receivable (net) Inventories Land Equipment Accumulated Depreciation-Equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in-capital Retained earnings Total Liabilities and stockholders' equity 183 $ 55 117 250 205 (68) 742 $ 49 99 330 175 (42) 625 $ $ 51 $ 37 5 125 85 80 70 438 476 $ 742 $ 625 The following additional information is taken from the records: 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 declared. a A. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities B. Was Olson-Jones's net cash flow from operations more or less than net income? What is the source of this difference