Only have to do part A

OBJ. 2 EX 16-17 Statement of cash flows-indirect method 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 $183 s 14 49 veriories Land 250 205 (68) $742 330 175 (42) $625 Liabilities and Stockholders' Equity s 51 $ 37 125 85 476 $742 80 70 438 $625 Paid-in capital: Excess of issue price over par-common stock.... Chapter 16 Statement of Cash Flows 805 The following additional information is taken from the records 1. Land was sold for $120. 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 $62 credit to Retained Earnings for net income. 6. There was a $24 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. b Was Olson-Jones Industries Inc.'s net cash flow from operations more or less than net income? What is the source of this difference