E11-17 Statement of cash flows -indirect method Obj 2,3,4,5 The comparative balance shect of Olson-fones Industries Inc, for December 31, 20Y2 and Net cash flows 20Y1, is as follows: from operating activities, 538 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 equipenent during the year. d. The comnon stock was issucd for cash. e. There was a 962 increase to Retained Earnings for net incone. f. There was a 524 decrease to Hetained Earnings for cash dividends declared. a. Prepare a statement of cash flows, using the indirect method of presenting cash flows frum (used for) operating activities: b. Was Olson-Jones's net cash flows from operating activities more or less than net income? What is the source of this difference