The following additional information is taken from the records: 1. Land was sold for $38. 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 $136 credit to Retained Earnings for net income. 6. There was a $42 debit to Retained Earnings for cash dividends declared. a. Prepare a statement of cash flows, using the indirect method of presenting Cash flows from (used for) operating activitios. 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 Fnded Daremher 21 onvo Statement of Cash Flows The comparative balance sheet of Hirayama Industries Inc. for December 31,20Y2 and 20Y1, is as follows: Cash flows from (used for) investing activities: Net cash flow from investing activities Cash flows from (used for) financino activities: Net cash flows from financing activities Cash balance, January 1, 20Y2 Cash balance, December 31,20 Y2 b. Was Hirayama Industries Inc.'s net cash flows from operations more or less than net income