Seven Layer Dip

INGREDIENTS

• 15-oz can refried beans
• ¼ cup water
• 1 teaspoon olive oil
• 1 teaspoon chili powder
• ¼ teaspoon ground cumin
• Salt, to taste
• 1 cup shredded cheddar or Monterey Jack cheese (or a combo of the two)
• 1 jalapeño pepper, seeds and membrane removed, finely chopped
• 1 avocado, finely chopped (or 1 cup of your favorite guacamole)
• 1 tomato, seeds and juices removed, finely chopped
• 1 cup sour cream
• 1 small can black olives, sliced