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		$203		$65
Accounts receivable (net)		116		81
Inventories		73		44
Land		166		184
Equipment		93		71
Accumulated depreciation-equipment		(25)		(13)
	Total Assets	$626		$432
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$79		$65
Dividends payable		13		-
Common stock, $1 par		41		20
Paid-in capital: Excess of issue price over parcommon stock		103		51
Retained earnings		390		296
	Total liabilities and stockholders' equity	$626		$432

The following additional information is taken from the records:

1. Land was sold for $45.
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 $135 credit to Retained Earnings for net income.
6. There was a $41 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: Increase in accounts receivable Increase in inventories Increase in accounts payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash from sale of land ul. QOQO Cash used for purchase of equipment 1 Net cash flow from investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash used for dividends Net cash flow from financing activities Decrease in cash Coil Cash at the beginning of the year Cash at the end of the year b. Was Olson-Jones Industries Inc.'s net cash flow from operations more or less than net income? Less