The following additional information is taken from the recoras: 1. Land was sold for $23. 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 $69 credit to Retained Earnings for net income. 6. There was a $21 debit to Retained Earnings for cash dividends dectared. a. Prepare a statement of cash fiows, using the indirect method of presenting Cash flows from (used for) opernting activities, Use the minus sign to indicate cash out flows, cash payments, decresses in cash, or any negative adjustments f eredtiag + check My Werk Calculote the increasen and decresses in the current asset/iability accounts over the period. What olfect do these increnses/decreasen have on casti? What itemis might have had an affect on net income but hove no cash impact? What items are considered noncurrent assets? b. Was Hirayama Industries Inc.'s net cash flows from operations more or lens than net income