Land Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 2011 Assets Cash $143 $47 Accounts receivable (net) Inventories 117 Equipment Accumulated depreciation equipment Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Pald-in capital: Excess of issue price over par--common stock Retained earnings Total liabilities and stockholders' equity The following additional information is taken from the records: 1. Land was sold for $40. 2. Equipment was acquired for cash. 3. There were no disposals of equipment during the year 4. The common stock was issued for cash. 5. There was a $95 credit to Retained Earnings for net income. 6. There was a $29 debit to Retained Earnings for cash dividends declared. 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