The comparative balance sheet of Orange Angel Enterprises Inc, at December 31,20Y8 and 20Y7, is as follows: Labels and Amount Descriptions Labels December 31, 20Y8 For the Year Ended December 31, 20Y8 Amount Descriptions Cash paid for equipment Cash received from issuing cormmon stock Cash dividends Cash paid to retire mortgage note payable Decrease in merchandise inventory Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation Increase in accounts payable Increase in accounts receivable increase in merchandise inventory Increase in prepaid expenses Net increase in cash Net decrease in cash Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net increase in cash Net decrease in cash Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net income Net loss Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a het cash outflow for each section, if required. 11 Cash flows from (used for) investing activities: 12 13 14 Cash flows from (used for) financing activities: 15 16 17. 15 19 20. Cash balance, lanuary 1, 20y 21 Cash balance, December 31, 20Y8 b. Was Hirayama Industries Inc.'s net cash flows from operations more or less than net income? What is the source of this difference? Nel cash flow from operations was than net income. The source(s) of the difference are: Check all that apply. Changes in current operating assets and liabilities Dividends paid Purchase of equipment Gain on the sale of land Depreciation expense Sale of common stock The comparative balance sheet of Hirayama Industries inc. for December 31,20Y2 and 20Y1, is as follows: The comparative balance sheet of Orange Angel Enterprises Inc, at December 31,20Y8 and 20Y7, is as follows: Labels and Amount Descriptions Labels December 31, 20Y8 For the Year Ended December 31, 20Y8 Amount Descriptions Cash paid for equipment Cash received from issuing cormmon stock Cash dividends Cash paid to retire mortgage note payable Decrease in merchandise inventory Decrease in accounts payable Decrease in accounts receivable Decrease in prepaid expenses Depreciation Increase in accounts payable Increase in accounts receivable increase in merchandise inventory Increase in prepaid expenses Net increase in cash Net decrease in cash Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net increase in cash Net decrease in cash Net cash flows from financing activities Net cash flows from investing activities Net cash flows from operating activities Net cash flows used for financing activities Net cash flows used for investing activities Net cash flows used for operating activities Net income Net loss Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash outflows, decreases in cash and a het cash outflow for each section, if required. 11 Cash flows from (used for) investing activities: 12 13 14 Cash flows from (used for) financing activities: 15 16 17. 15 19 20. Cash balance, lanuary 1, 20y 21 Cash balance, December 31, 20Y8 b. Was Hirayama Industries Inc.'s net cash flows from operations more or less than net income? What is the source of this difference? Nel cash flow from operations was than net income. The source(s) of the difference are: Check all that apply. Changes in current operating assets and liabilities Dividends paid Purchase of equipment Gain on the sale of land Depreciation expense Sale of common stock The comparative balance sheet of Hirayama Industries inc. for December 31,20Y2 and 20Y1, is as follows