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		$205		$69
Accounts receivable (net)		118		86
Inventories		74		47
Land		169		194
Equipment		95		75
Accumulated depreciation-equipment		(25)		(13)
	Total Assets	$636		$458
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$80		$69
Dividends payable		13		-
Common stock, $10 par		42		22
Paid-in capital: Excess of issue price over parcommon stock		93		54
Retained earnings		408		313
	Total liabilities and stockholders' equity	$636		$458

The following additional information is taken from the records:

1. Land was sold for $63.
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 $137 credit to Retained Earnings for net income.
6. There was a $42 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 19d23bf9b06306d_2
Adjustments to reconcile net income to net cash flow from operating activities:
	fill in the blank 19d23bf9b06306d_4
	fill in the blank 19d23bf9b06306d_6
Changes in current operating assets and liabilities:
	fill in the blank 19d23bf9b06306d_8
	fill in the blank 19d23bf9b06306d_10
	fill in the blank 19d23bf9b06306d_12
Net cash flow from operating activities		$fill in the blank 19d23bf9b06306d_13
Cash flows from investing activities:
	$fill in the blank 19d23bf9b06306d_15
	fill in the blank 19d23bf9b06306d_17
Net cash flow provided by investing activities		fill in the blank 19d23bf9b06306d_18
Cash flows from financing activities:
	$fill in the blank 19d23bf9b06306d_20
	fill in the blank 19d23bf9b06306d_22
Net cash flow provided by financing activities		fill in the blank 19d23bf9b06306d_23
		$fill in the blank 19d23bf9b06306d_25
Cash at the beginning of the year		fill in the blank 19d23bf9b06306d_26
Cash at the end of the year		$fill in the blank 19d23bf9b06306d_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