The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 20Y1, is as follows: Assets Dec. 31, Dec. 31, 20Y2 20Y1 Cash $152 $50 Accounts receivable (net) 87 63 Inventories 55 34 Land 125 142 Equipment 70 55 Accumulated depreciation-equipment (19) (10) Total Assets $470 $334 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $59 $50 Dividends payable 9 Common stock, $1 par 31 16 Paid-in capital: Excess of issue price over par- 72 39 common stock Retained earnings 299 229 $470 $334 Total liabilities and stockholders' equity 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 $101 credit to Retained Earnings for net income. 6. There was a $31 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, 2012 Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities: Net cash flow from investing activities Cash flows from (used for) financing activities: Net cash flow from financing activities Cash at the beginning of the year Cash at the end of the year Q OO 000 QI QO Q 0 0000 b. Was Olson-Jones Industries Inc.'s net cash flow from operations more or less than net income