Book Show Me How Caloulator Print Item Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, Is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 150 85 53 122 69 (18) $461 $48 Cash Accounts recelvable (net) Inventories Land Equipment Accumulated depreciation-equipment 60 134 52 Total Assets $318 Liabilities and Stockholders Equity $48 Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock Retained earnings $58 30 15 287 218 Total liabilities and stockholders' equity $461 $318 The following additional information is taken from the records 1. Land was sold for $30 2. Equipment was acquired for cash. 4. The common stock was issued for cash. S. There was a $99 credit to Retained Earnings for net income. 6. There was a $30 deb t to Retained Earninas for cash dividends declared Check My Work 4 more Check My Work uses remaining All work saved eand Exit Submit Assignment for Grad MacBook Air 44 F