Answer Happy

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, Dec. 31, 20Y2 20Y1 Assets Cash $107 Accounts receivable (net) 62 Inventories 39 Land 89 his Equipment 50 Accumulated depreciation-equipment (13) Total Assets $334 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $42 Dividends payable 7 Common stock, $1 par Paid-in capital: Excess of issue price over par- common stock Retained earnings Total liabilities and stockholders' equity 22 52 211 $334 $35 44 24 100 38 (7) $234 $35 11 27 161 $234
Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for dividends X Cash received from sale of common stock Net cash flow from investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash received from sale of land X Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year X LA 120 X -30 X -19 X 60 X LA LA 38 X 90 X 41 X 169 X 14 X 183 X
Net cash flow from operating activities Cash flows from (used for) investing activities: Cash paid for dividends X Cash received from sale of common stock Net cash flow from investing activities Cash flows from (used for) financing activities: Cash from sale of common stock Cash received from sale of land X Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year X LA 120 X -30 X -19 X 60 X LA LA 38 X 90 X 41 X 169 X 14 X 183 X