Statement of Cash Flows - Indirect Method

Statement of Cash Flows-Indirect Methoo The comparative balance sheet of Olson-Jones Industries Inc. for Decernber 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) Inventories Land Equipment Accumulated depreciation-equipment $97 $31 39 21 89 34 34 79 (12) Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings $297 $208 $37 6 20 $31 10 47 24 187 143 Total liabilities and stockholders equity $297 $208