part 1

part 2

part 3 Based on information given 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, decrease in cash or any negative adjustments. Please show details working out of the problem.

7. EX.16-17.ALGO (Algorithmic) Statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for Dec ember 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) Inventories Land $171 98 61 140 79 (21) $528 $57 71 39 162 62 . Equipment Accumulated depreciation-equipment $380 Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $67 $57 of 3 F8 F6 F7 FS