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

1		Dec. 31, 20Y2	Dec. 31, 20Y1
2	Assets
3	Cash	$485.00	$163.00
4	Accounts receivable (net)	285.00	198.00
5	Inventories	170.00	112.00
6	Land	395.00	454.00
7	Equipment	220.00	180.00
8	Accumulated depreciation-equipment	(58.00)	(32.00)
9	Total assets	$1,497.00	$1,075.00
10	Liabilities and Stockholders Equity
11	Accounts payable (merchandise creditors)	$174.00	$155.00
12	Dividends payable	28.00
13	Common stock, $1 par	105.00	48.00
14	Paid-in capital: Excess of issue price over parcommon stock	245.00	123.00
15	Retained earnings	945.00	749.00
16	Total liabilities and stockholders equity	$1,497.00	$1,075.00

The following additional information is taken from the records:

1.	Land was sold for $123.
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 $294 credit to Retained Earnings for net income.
6.	There was an $98 debit to Retained Earnings for cash dividends declared.

Required:

A.	Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
B.	Was the net cash flow from operations for Olson-Jones Industries Inc. more or less than net income? What is the source of this difference?

Labels and Amount Descriptions

Amortization of intangible assets
Cash used for dividends
Cash used for purchase of equipment
Cash from sale of common stock
Cash from sale of land
December 31, 20Y2
Decrease in accounts payable
Decrease in accounts receivable
Decrease in cash
Decrease in inventories
Depreciation
For the Year Ended December 31, 20Y2
Gain on sale of land
Increase in accounts payable
Increase in accounts receivable
Increase in cash
Increase in inventories
Loss on sale of land
Net cash flow from operating activities
Net cash flow used for operating activities
Net cash flow from investing activities
Net cash flow used for investing activities
Net cash flow from financing activities
Net cash flow used for financing activities
Net income
Net loss

Please I need help with this. Thank you!

Statement of Cash Flows Olson-Jones Industries Inc. Score: 140/154 Statement of Cash Flows For the Year Ended December 31, 20Y2 1 Cash flows from operating activities: 2 Net income $294.00 3 Adjustments to reconcile net income to net cash flow from operating activities: 4 Depreciation 26.00 5 Gain on sale of land (64.00) 6 Changes in current operating assets and liabilities: 7 Increase in accounts receivable (87.00) 8 Increase in inventories (58.00) 9 Increase in accounts payable 19.00 10 Net cash flow from operating activities $(126.00) 11 Cash flows from (used for) investing activities: Statement of Cash Flows Shaded cells have feedback. 8 Increase in inventories (58.00) 9 Increase in accounts payable 19.00 10 Net cash flow from operating activities $(126.00) 11 Cash flows from (used for) investing activities: 12 Cash used for purchase of equipment $40.00 13 Cash from sale of land 123.00 v 14 Net cash flow from investing activities 83.00 15 Cash flows from (used for) financing activities: 16 Cash from sale of common stock $179.00 (70.00) v 17 Cash used for dividends 18 Net cash flow from financing activities 109.00 19 Increase in cash $322.00 20 Cash at the beginning of the year 163.00 $485.00 21 Cash at the end of the year