The comparative balance sheet of Hirayama Industries Inc. for December $31,20$Y$2$ and $20$Y$1,$ is as follows:

Dec. $31,20$Y$2$ Dec. $31,20$Y$1$

Assets

Cash $$145$ $$47$

Accounts receivable $($net$)8259$

Inventories $5132$

Land $117134$

Equipment $6652$

Accumulated depreciation$-$equipment $(18)(9)$

Total Assets $$443$ $$315$

Liabilities and Stockholders' Equity

Accounts payable $($merchandise creditors$)$ $$56$ $$47$

Dividends payable $9-$

Common stock, $$1$ par $2915$

Excess of paid$-$in capital over par $6737$

Retained earnings $282216$

Total liabilities and stockholders' equity $$443$ $$315$

The following additional information is taken from the records:

Land was sold for $$43.$

Equipment was acquired for cash.

There were no disposals of equipment during the year.

The common stock was issued for cash.

There was a $$95$ credit to Retained Earnings for net income.

There was a $$29$ debit to Retained Earnings for cash dividends declared.

Question Content Area

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 $31,20$Y$2$

Cash flows from $($used for$)$ operating activities:

Net income

$Net income

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities:

Depreciation

Depreciation

$9$

Gain on sale of land

Gain on sale of land

$-26$

Changes in current operating assets and liabilities:

Increase in accounts receivable

Increase in accounts receivable

$-23$

Increase in inventories

Increase in inventories

$-19$

Increase in accounts payable

Increase in accounts payable

$9$

Net cash flow from operating activities $fill in the blank $91$b$7$f$107$d$063035\_13$

$-50$

Cash flows from $($used for$)$ investing activities:

Cash received from sale of land

$Cash received from sale of land

$43$

Cash paid for purchase of equipment

Cash paid for purchase of equipment

$-14$

Net cash flow from investing activities fill in the blank $91$b$7$f$107$d$063035\_18$

$29$

Cash flows from $($used for$)$ financing activities:

Cash received from issuing common stock

$Cash received from issuing common stock

Cash dividends

Cash dividends

$-20$

Net cash flows from financing activities fill in the blank $91$b$7$f$107$d$063035\_23$

Net increase in cash

$Net increase in cash

Cash balance, January $1,20$Y$2$ fill in the blank

Cash balance, December $31,20$Y$2$ $fill in the blank

$*$I need help with the net income, the cash received from issuing common stock and the net increase in cash, the cash balance as of january $1$ and the cash balance as of December $31*$