1. Statement of Cash FlowsIndirect Method

   The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:

   		Dec. 31, 20Y2		Dec. 31, 20Y1
   Assets
   Cash		$206		$66
   Accounts receivable (net)		117		82
   Inventories		74		45
   Land		168		185
   Equipment		94		72
   Accumulated depreciation-equipment		(25)		(13)
   	Total Assets	$634		$437
   Liabilities and Stockholders' Equity
   Accounts payable (merchandise creditors)		$80		$66
   Dividends payable		13		-
   Common stock, $1 par		42		21
   Paid-in capital: Excess of issue price over parcommon stock		106		51
   Retained earnings		393		299
   	Total liabilities and stockholders' equity	$634		$437

   The following additional information is taken from the records:

   1. Land was sold for $43.
   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 $136 credit to Retained Earnings for net income.
   6. There was a $42 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:
   	$fill in the blank d1ec86fc904c057_2
   Adjustments to reconcile net income to net cash flow from operating activities:
   	fill in the blank d1ec86fc904c057_4
   	fill in the blank d1ec86fc904c057_6
   Changes in current operating assets and liabilities:
   	fill in the blank d1ec86fc904c057_8
   	fill in the blank d1ec86fc904c057_10
   	fill in the blank d1ec86fc904c057_12
   Net cash flow from operating activities		$fill in the blank d1ec86fc904c057_13
   Cash flows from (used for) investing activities:
   	$fill in the blank d1ec86fc904c057_15
   	fill in the blank d1ec86fc904c057_17
   Net cash flow from investing activities		fill in the blank d1ec86fc904c057_18
   Cash flows from (used for) financing activities:
   	$fill in the blank d1ec86fc904c057_20
   	fill in the blank d1ec86fc904c057_22
   Net cash flow from financing activities		fill in the blank d1ec86fc904c057_23
   		$fill in the blank d1ec86fc904c057_25
   Cash at the beginning of the year		fill in the blank d1ec86fc904c057_26
   Cash at the end of the year		$fill in the blank d1ec86fc904c057_27

   b. Was Olson-Jones Industries Inc.s net cash flow from operations more or less than net income