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Statement of Cash Flows-Indirect Method 59 42 37 23 84 95 47 (7) The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec. 31, 2012 Dec. 31, 2011 Assets Cash $104 $33 Accounts receivable (net) Inventories Land Equipment 37 Accumulated depreciation equipment (13) Total Assets $318 $223 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $40 $33 Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock 26 Retained earnings 154 Total liabilities and stockholders' equity $318 $223 The following additional information is taken from the records: 6 21 10 50 201 The following additional information is taken from the records: 1. Land was sold for $28. 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 $68 credit to Retained Earnings for net income. 6. There was a $21 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. Olson-Jones Industries, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of land Changes in current operating assets and liabilities: 68 Net cash flow from operating activities Cach flow from invecting activitior. Net cash flow provided by investing activities Cash flows from financing activities: o Net cash flow provided by financing activities Cash at the beginning of the year Cash at the end of the year b. Was Olson-Jones's net cash flow from operations more or less than net income? The source(s) of the difference are: a. Gain on the sale of land b. Purchase of equipment C. Sale of common stock d. Changes in current operating assets and liabilities e. Depreciation expense f. Dividends paid

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Please help solve all parts of equation

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Statement of Cash Flows-Indirect Method 59 42 37 23 84 95 47 (7) The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec. 31, 2012 Dec. 31, 2011 Assets Cash $104 $33 Accounts receivable (net) Inventories Land Equipment 37 Accumulated depreciation equipment (13) Total Assets $318 $223 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $40 $33 Dividends payable Common stock, $10 par Paid-in capital: Excess of issue price over par-common stock 26 Retained earnings 154 Total liabilities and stockholders' equity $318 $223 The following additional information is taken from the records: 6 21 10 50 201 The following additional information is taken from the records: 1. Land was sold for $28. 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 $68 credit to Retained Earnings for net income. 6. There was a $21 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. Olson-Jones Industries, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of land Changes in current operating assets and liabilities: 68 Net cash flow from operating activities Cach flow from invecting activitior. Net cash flow provided by investing activities Cash flows from financing activities: o Net cash flow provided by financing activities Cash at the beginning of the year Cash at the end of the year b. Was Olson-Jones's net cash flow from operations more or less than net income? The source(s) of the difference are: a. Gain on the sale of land b. Purchase of equipment C. Sale of common stock d. Changes in current operating assets and liabilities e. Depreciation expense f. Dividends paid