Statement of Cash Flows The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows: The following additional information is taken from the records: 1. Land was sold for $25. 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 a $67 credit to Retained Earnings for net income. 6. There was a $21 debit to Retained Earnings for cash dividends declared. Hirayama Industries Inc. Statement of Cash Flows For the Year Ended December 31, 20 Y2 b. Was Hirayama Industries Inc.'s net cash flows from operations more or less than net income