Statement of Cash Fows The comparative bolance sheet of Hirayama industries inc. for December 31,20Y and 20Y, is as foliows: 1 Land was sold tor 540 2. Equipment was acquired for cash. 3. There were no ditposals of equipment during the vear 4. The comrion stock was issued for cash 3. There was a $92 credat to Retained Eamirgs for net income. 6. There was a 528 debit to fletained Eamings 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. * Chech My Wak: Calculate the increases and decreases in the current asset/lability accounts over the period. What affect do these increases/decreases have on co might have had an affect on net income but haye no cash impact? What items are considered noncurrent assets? b. Was Hirayama Industries incis net cash flows from operations more or less than net income? Fexedist: Gheck My Wod poymicrits and receipts