2014 $242,329 62,591 22,814 $327,734 (49,704) (145,554) 3,832 41,079 $177,387 The following cash flows were reported by Techno Inc. in 2015and 2014 (In thousands) 2015 Net income $ 316,354 Noncash charges (credits) to income Depreciation and amortization 68,156 Deferred taxes 15,394 $ 399,904 Cash Provided (Used) by Operating Assets and Liabilities: Receivables (288,174) Inventories (159,419) Other current assets (1,470) Accounts payable, accrued liabilities 73,684 Total Cash Provided by Operations 24,525 Investment activities Additions to plant and equipment (94,176) Other investment activities 14,408 Net investment activities ($ 79,768) Financing activities Purchases of treasury stock Dividends paid (49,290) Net changes in short-term borrowings 125,248 Additions to long-term borrowings 135,249 Repayments of long-term borrowings Net financing activities $ 165,353 Increase (decrease) in cash $ 110,110 78,114 Beginning cash balance Ending cash balance $ 188,224 (93,136) (34,771) ($127.907) (45,854 (39,267) (22,523) 45,067 4,610 (250,564) ($262,677) ($213,197) 291,311 $ 78,114 (a) Explain the difference between net income and cash flow from operating activities for Techno in 2015. (b) Analyze Techno Inc.'s cash flows for 2015 and 2014