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		$138		$44
Accounts receivable (net)		79		55
Inventories		50		30
Land		113		122
Equipment		64		48
Accumulated depreciation-equipment		(17)		(9)
	Total Assets	$427		$290
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$54		$44
Dividends payable		9		-
Common stock, $1 par		28		14
Excess of paid-in capital over par		74		34
Retained earnings		262		198
	Total liabilities and stockholders' equity	$427		$290

The following additional information is taken from the records:

1. Land was sold for $23.
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 $92 credit to Retained Earnings for net income.
6. There was a $28 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 81dafff9b02bf9c_2
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
	fill in the blank 81dafff9b02bf9c_4
	fill in the blank 81dafff9b02bf9c_6
Changes in current operating assets and liabilities:
	fill in the blank 81dafff9b02bf9c_8
	fill in the blank 81dafff9b02bf9c_10
	fill in the blank 81dafff9b02bf9c_12
Net cash flow from operating activities		$fill in the blank 81dafff9b02bf9c_13
Cash flows from (used for) investing activities:
	$fill in the blank 81dafff9b02bf9c_15
	fill in the blank 81dafff9b02bf9c_17
Net cash flow from investing activities		fill in the blank 81dafff9b02bf9c_18
Cash flows from (used for) financing activities:
	$fill in the blank 81dafff9b02bf9c_20
	fill in the blank 81dafff9b02bf9c_22
Net cash flows from financing activities		fill in the blank 81dafff9b02bf9c_23
		$fill in the blank 81dafff9b02bf9c_25
Cash balance, January 1, 20Y2		fill in the blank 81dafff9b02bf9c_26
Cash balance, December 31, 20Y2		$fill in the blank 81dafff9b02bf9c_27

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