Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: Dec. 31, Dec. 31, 20Y2 20Y1 Assets Cash $107 $35 Accounts receivable (net) 62 44 Inventories 39 24 Land 89 100 Equipment 50 38 Accumulated depreciation-equipment (13) (7) Total Assets $334 $234 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $42 $35 Dividends payable 7 Common stock, $1 par 22 22 11 Paid-in capital: Excess of issue price over par- 52 52 27 27 common stock Retained earnings 211 161 Total liabilities and stockholders' equity $334 $234 Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for dividends Cash received from sale of common stock Net cash flow from investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash received from sale of land Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year x A 120 X -30 X -19 X 60 X A A 38 X 90 X 41 x 169 X 14 X 183 X Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for dividends Cash received from sale of common stock Net cash flow from investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash received from sale of land Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year x A 120 X -30 X -19 X 60 X A A 38 X 90 X 41 x 169 X 14 X 183 X