Statement of Cash Flows - Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31 , 20Y2 and 20Y1, is as follows: The following additional information is taken from the records: a. Land was sold for- $120. b. Equrpenent wirs-acquired for cash. c. There were no disposals of equipment during the year. d. The comnimon stock was iscued for cash. e. There Was a $62 credit to Retained Earmings for net income. 1. There was a $24 dehit to Reetained Earmings for cash dividends declared. a. Prepare a statement of cash ffows, using the indirect method of presenting dereases in cash, or any negative adfustments. b. Was Olson-Jones's net cash flow from operations m The source(s) of the difference are: a. Gain on the sale of land b. Purchase of equipment c. Sale of common stock d. Changes in current operating assets and liabilities e. Depreciation expense f. Dividends paid