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 $168 $56 Accounts receivable (net) 96 70 Inventories 60 38 Land 137 158 Equipment 77 61 Accumulated depreciation-equipment (21) (11) Total Assets $517 $372 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $65 $56 Dividends payable 10 - Common stock, $1 par 34 17 Paid-in capital: Excess of issue price over parcommon stock 76 44 Retained earnings 332 255 Total liabilities and stockholders' equity $517 $372 The following additional information is taken from the records: Land was sold for $53. Equipment was acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $111 credit to Retained Earnings for net income. There was a $34 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.