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 $92 credit to Retained Earnings for net income. 6. There was a $28 debit to Retained Earnings for cash dividends declared. a. Prepore 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 poyments, decreases in eash, or any negative adjustments: Olson-Jones Industries, tnc. Statement of Cash Flows For the Year Ended December 31, 20V2 Oison-Jones industries, Inc. 5tatement of Cash Flows For the Year Ended December 31, 20 r2 Cash flows from operating activities: Nec income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation gain on sale of land Changes in current operating assets and liabilities: Increase in accounts recelvable Incroase in inventones Increase in accounts parabin Net cash flow from operating activities Cash flows from investing activities: Gash eccerved from sale arting Net cash flow provided by investing activities Cash flows from financing activities: Cash paid for dividends Net cash flow provided by financing activities change in cash Cash at the beginning of the year Cash at the end of the year