statement of Cash Flows The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 2041, is as follows: Dec. 31, 2012 Dec 31, 20Y1 Assets Cash 63 45 39 90 102 50 39 22 $110 $36 Accounts receivable (net) Inventories 25 Land Equipment Accumulated depreciation-equipment (7) Total Assets $338 $240 Liabilities and stockholders' Equity Accounts payable (merchandise creditors) $43 $36 Dividends payable 7 Common stock, $1 par 11 Excess of pald-in capital over par SO 28 Retained earnings 216 Total liabilities and stockholders' equity $338 $240 The following additional Information is taken from the records: 1. Land was sold for $30. 2. Equipment was acquired for cash. 3. There were no disposals of equipment during the year. 4. The common stock was issued for cash. S. There was a 573 credit to Retained Earrings for net income. 6. There was a 522 debit to Retained Earnings for cash dividends declared. a. Prepare a statement of cash fiows, using the Indirect method of presenting costrom (used fot) parating activities, adjustments 165 Minnertrin Tan TRESNO a. There was a $22 debeta med afwach diversecared . Prepare a statement of cash flow, the direct more from the weather atuntments Hirayama Indries in Statement of Cash Flows For the Year End December 21, 2013 Cash flows from (set operating at Adjustments to recordent came to news from wed for operating changes in current operating with 0 0 MOO utca few from pering Cashews from a Netch wromiting a Cachows used for financing och romancing at Cance, For the Year Ended December 31, 20Y2 Cash flows from (used for) operating activities: Adjustments to reconcile net income to ret cash flows from (used for) operating activities: changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) Investing activities: Qum D Net cash flow from investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cash balance, January 1, 2012 Cash balance, December 31, 2012 b. Was Hirayama Industries Inc.'s net cash flows from operations more or less than net income? Check My Work more Check My Work uses remaining