Statement of Cash Flows

The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:

		Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Cash		$96		$30
Accounts receivable (net)		54		38
Inventories		34		21
Land		78		84
Equipment		44		33
Accumulated depreciation-equipment		(12)		(6)
	Total Assets	$294		$200
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$37		$30
Dividends payable		6		-
Common stock, $1 par		19		9
Excess of paid-in capital over par		50		23
Retained earnings		182		138
	Total liabilities and stockholders' equity	$294		$200

The following additional information is taken from the records:

1. Land was sold for $15.
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 $63 credit to Retained Earnings for net income.
6. There was a $19 debit to Retained Earnings for cash dividends declared.

a. Prepare 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 cash, or any negative adjustments.

Hirayama Industries Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y2
Cash flows from (used for) operating activities:
	$fill in the blank d6d817f6205afd8_2
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
	fill in the blank d6d817f6205afd8_4
	fill in the blank d6d817f6205afd8_6
Changes in current operating assets and liabilities:
	fill in the blank d6d817f6205afd8_8
	fill in the blank d6d817f6205afd8_10
	fill in the blank d6d817f6205afd8_12
Net cash flow from operating activities		$fill in the blank d6d817f6205afd8_13
Cash flows from (used for) investing activities:
	$fill in the blank d6d817f6205afd8_15
	fill in the blank d6d817f6205afd8_17
Net cash flow from investing activities		fill in the blank d6d817f6205afd8_18
Cash flows from (used for) financing activities:
	$fill in the blank d6d817f6205afd8_20
	fill in the blank d6d817f6205afd8_22
Net cash flows from financing activities		fill in the blank d6d817f6205afd8_23
		$fill in the blank d6d817f6205afd8_25
Cash balance, January 1, 20Y2		fill in the blank d6d817f6205afd8_26
Cash balance, December 31, 20Y2		$fill in the blank d6d817f6205afd8_27

b. Was Hirayama Industries Inc.s net cash flows from operations more or less than net income?