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

1		Dec. 31, 20Y2	Dec. 31, 20Y1
2	Assets
3	Cash	$488.00	$163.00
4	Accounts receivable (net)	283.00	203.00
5	Inventories	171.00	110.00
6	Land	396.00	455.00
7	Equipment	225.00	171.00
8	Accumulated depreciation-equipment	(56.00)	(26.00)
9	Total assets	$1,507.00	$1,076.00
10	Liabilities and Stockholders Equity
11	Accounts payable (merchandise creditors)	$173.00	$164.00
12	Dividends payable	26.00
13	Common stock, $1 par	98.00	47.00
14	Excess of paid-in capital over par	254.00	122.00
15	Retained earnings	956.00	743.00
16	Total liabilities and stockholders equity	$1,507.00	$1,076.00

The following additional information is taken from the records:

1.	Land was sold for $122.
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 $313 credit to Retained Earnings for net income.
6.	There was a $100 debit to Retained Earnings for cash dividends declared.

Please use these labels

LabelsDecember 31, 20Y2For the Year Ended December 31, 20Y2Amount DescriptionsAmortization of intangible assetsCash received from sale of landCash paid for purchase of equipmentCash received from issuing common stockCash dividendsDecrease in accounts payableDecrease in accounts receivableDecrease in inventoriesDepreciationGain on sale of landIncrease in accounts payableIncrease in accounts receivableIncrease in inventoriesLoss on sale of landNet increase in cashNet decrease in cashNet cash flows from operating activitiesNet cash flows used for operating activitiesNet cash flows from investing activitiesNet cash flows used for investing activitiesNet cash flows from financing activitiesNet cash flows used for financing activitiesNet incomeNet loss

. Was Hirayama Industries Inc.s net cash flows from operations more or less than net income? What is the source of this difference?

Net cash flow from operations was than net income.

The source(s) of the difference are: Check all that apply.

Sale of common stock

Dividends paid

Depreciation expense

Gain on the sale of land

Purchase of equipment

Changes in current operating assets and liabilities