I'm a lumberjack and I'm OK
I sleep all night and I work all day.

 [bad word] 
He's a lumberjack and he's OK
He sleeps all night and he works all day.

I cut down trees, I eat my lunch
I go to the lavatory.
On Wednesdays I go shopping and have buttered scones for tea

Mounties:
He cut down trees, he eat his lunch
He go to the lavatory.
On Wednesdays he go shopping and has buttered scones for tea.

 [bad word] 
He's a lumberjack and he's OK
He sleeps all night and he works all day.

I cut down trees, I skip and jump
I like to press wild flowers.
I put on women's clothing and hang around in bars.

Mounties:
He cuts down trees, he skips and jumps
He likes to press wild flowers.
He puts on women's clothing and hangs around in bars.

 [bad word] 
He's a lumberjack and he's OK
He sleeps all night and he works all day.

I cut down trees, I wear high heels
Suspendies and a bra.
I wish I'd been a girlie, just like my dear pappa.

Mounties:
He cuts down trees, he wears high heels?
Suspendies...and a bra?

...He's a lumberjack and he's OK
He sleeps all night and he works all day.

...He's/I'm a lumberjack and he's/I'm OK
He/I sleep all night and he/I work all day.