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		$193		$63
Accounts receivable (net)		109		79
Inventories		68		43
Land		156		177
Equipment		88		69
Accumulated depreciation-equipment		(24)		(12)
	Total Assets	$590		$419
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$74		$63
Dividends payable		12		-
Common stock, $10 par		39		20
Paid-in capital: Excess of issue price over parcommon stock		90		49
Retained earnings		375		287
	Total liabilities and stockholders' equity	$590		$419

The following additional information is taken from the records:

1. Land was sold for $53.
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 $127 credit to Retained Earnings for net income.
6. There was a $39 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 434be6ffdfea01b_2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 434be6ffdfea01b_4
	fill in the blank 434be6ffdfea01b_6
Changes in current operating assets and liabilities:
	fill in the blank 434be6ffdfea01b_8
	fill in the blank 434be6ffdfea01b_10
	fill in the blank 434be6ffdfea01b_12
Net cash flow from operating activities		$fill in the blank 434be6ffdfea01b_13
Cash flows from investing activities:
	$fill in the blank 434be6ffdfea01b_15
	fill in the blank 434be6ffdfea01b_17
Net cash flow provided by investing activities		fill in the blank 434be6ffdfea01b_18
Cash flows from financing activities:
	$fill in the blank 434be6ffdfea01b_20
	fill in the blank 434be6ffdfea01b_22
Net cash flow provided by financing activities		fill in the blank 434be6ffdfea01b_23
		$fill in the blank 434be6ffdfea01b_25
Cash at the beginning of the year		fill in the blank 434be6ffdfea01b_26
Cash at the end of the year		$fill in the blank 434be6ffdfea01b_27

b. Was Olson-Joness net cash flow from operations more or less than net income?

The source(s) of the difference are:

1. Gain on the sale of land
2. Purchase of equipment
3. Sale of common stock
4. Changes in current operating assets and liabilities
5. Depreciation expense
6. Dividends paid