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plz help with this!! Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Olson-Jones

plz help with this!!
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Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec 31, 20Y2 Dec 31, 20Y1 Assets Cash $160.00 $488.00 278.00 177.00 Accounts receivable (net) Inventories 201.00 109.00 5 448.00 6 Land 172.00 7 Equipment * Accumulated depreciation equipment 400.00 225.00 (58.00) $1,510.00 (29.00) $1,061.00 9 Total assets Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Dividends payable $176.00 $160.00 28.00 Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions 4 Accounts receivable (net) 278.00 201.00 5 Inventories 177.00 109.00 6 Land 400.00 448.00 7 Equipment 225.00 172.00 8 (58.00) Accumulated depreciation-equipment Total assets (29.00) $1,061.00 $1,510.00 Liabilities and Stockholders' Equity 11 Accounts payable (merchandise creditors) 12 Dividends payable $176.00 $160.00 28.00 13 Common stock, 51 par 103.00 14 Paid-in capital: Excess of issue price over par-common stock 246.00 957.00 55.00 123.00 723.00 15 Retained earnings 16 Total liabilities and stockholders' equity $1,510.00 $1,061.00 Check My Work 3 more Check My Work uses remaining. Trethod nstructions Labels and Amount Descriptions Statement of Cash Flows tructions e following additional information is taken from the records: 1. Land was sold for $122 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 $339 credit to Retained Earnings for net income. 6. There was an $105 debit to Retained Earnings for cash dividends declared. Required: A. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Rer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. B. Was the net cash flow from operations for Olson Jones Industries Inc. more or less than net income? What is the source of this difference? Labels and Amount Descriptions Amortization of intangible assets Cash used for dividends Cash used for purchase of equipment Cash from sale of common stock Cash from sale of land December 31, 20Y2 Decrease in accounts payable Decrease in accounts receivable Decrease in cash Decrease in inventories Depreciation For the Year Ended December 31, 20Y2 Gain on sale of land Increase in accounts payable Increase in accounts receivable cash flows from operating ices for text entries. Be sure decreases in cash, or any ne re or less than net income? Instructions Labels and Amount Descriptions Gain on sale of land Increase in accounts payable Increase in accounts receivable Increase in cash Increase in inventories Loss on sale of land Net cash flow from operating activities Net cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Net cash flow used for financing activities Net income cash vices for decreas re or less Net loss MULUI LUI HUWS-lalpect method nstructions Labels and Amount Descriptions Statement of Cash Flows structions Labels and Amount Descriptions tatement of Cash Flows . Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Olson-Jones Industries Inc. Statement of Cash Flows (Label) 1 Cash flows from operating activities: 5 Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: UUUN Show Me How Statement of cash flows-indirect method Calculator Print Item Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Changes in current operating assets and liabilities: 11 Cash flows from (used for) investing activities: 15 Cash flows from (used for) financing activities: Statement of cash flows-indirect method Instructions Labels and Amount Descriptions Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows 11 Cash flows from (used for) investing activities: 15 Cash flows from (used for) financing activities: 20 Cash at the beginning of the year 21 Cash at the end of the year

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