need to prepare a statement of cash flows

Statement of Cashow The comparative balance sheet of Hirayama Industries Inc. for December 11, 2012 and 201, follows: Dec 31, 2012 Dec 31, 2011 Assets Cach $175 $58 Accounts receivable (net) 00 23 Inventories 62 40 Land 142 104 Fuipment 0 63 Accumulated depreciation equipment 021) (11) Total Assets 3537 $382 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $68 350 Dividends payable 11 Common stock. $1 par 35 Ts Excess of paid-in capital over par 77 45 Retained earnings 346 266 Total abilities and stockholders equity 3537 $382 The following additional information is taken from the records 1. Land was sold for $55. 2. Equipment was acquired for cash 3. There were no disposals of equipment during the year 4. The common stock was issued for cash 5. There was $115 credit to retained Earnings for net income 6. There was a $35 debit to retained Earnings for cash dividends dodared a. trepare a statement of cash flows, using the Indirect method of presenting Cash flows from used for operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in Hirayama Industries Inc Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash Bows from used for operating activities Adjustments to reconcle et income to let con flows from used for operating activities: Changes in current operatings and abilities Chowrom operating activities Cash flows from used for investing activities no 0 m ) mi et cash flow from investing activities Cash flows from used for finding activi Net cash flows from financing activities Cashbac Touary 1, 2012 Cash babec, December 31, 2012 b. Warama Industrience stortion more than