The comparative balance sheet of Hirayama Industries Inc. for December 31,20Y2 and 20Y1, is as follows: The following additional intormation is taken feom the records: 1. Land was sold for $153. 2. Equipment was acquirod lor cash. 3. There were no disposals of equipment during the yeat. 4. The common stock was issued for cash. 5. There was a 579 credit to Retained Earnings for net income. 6. There was a \$31 debt to Retained Earnings for cash dividends declared. Required: a. Propare a statement of cash fows, using the indrect method of presanting cash flaws fom fused forl ccerating activities Bo sure fo complofe the heading of the stafement. Refer to the Labels and Amount Descriptons list provided for the exact wording of the answer choices for hext enthes. Use the minus sign to indicale cash outriows, decreases in cash and a net cash outlow for each secfion, If required. b. Was Hirayama industries ine s net cash fows from operations more or less than net income? What is the source of this difference? Staloment of Cash Flows Bhaded cells Nave lecelack. and Amount Descripeons ist provided for the exact wording of the answer choices for text enties. Use the minus sign to incicate cash outhows, decreases in cash and a net cash oublow for each section, if required