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 cash $119 $38 accounts receivable (net) 68 48 inventories 42 26 land 97 108 equipment 55 41 accumulated depreciation-equipment (15) (8) total assets $366 $253 liabilities and stockholders' equity accounts payable (merchandise creditors) $46 $38 dividends payable 7 - common stock, $10 par 24 12 paid-in capital: excess of issue price over par—common stock 61 30 retained earnings 228 173 total liabilities and stockholders' equity $366 $253 the following additional information is taken from the records: land was sold for $28. equipment was acquired for cash. there were no disposals of equipment during the year. the common stock was issued for cash. there was a $79 credit to retained earnings for net income. 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. use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.