he comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014 and 2013, is shown as follows: Dec. 31, 2014 Dec. 31, 2013 Assets Cash $296,950 $275,280 Accounts receivable (net) 107,580 98,870 Inventories 303,680 292,730 Investments 0 113,410 Land 155,760 0 Equipment 335,050 258,800 Accumulated depreciation-equipment (78,440) (69,790) Total $1,120,580 $969,300 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $202,820 $190,950 Accrued expenses payable (operating expenses) 20,170 25,200 Dividends payable 11,210 8,720 Common stock, $10 par 60,510 47,500 Paid-in capital in excess of par-common stock 227,480 131,820 Retained earnings 598,390 565,110 Total $1,120,580 $969,300 The following additional information was taken from the records: The investments were sold for $132,690 cash. Equipment and land were acquired for cash. There were no disposals of equipment during the year. The common stock was issued for cash. There was a $78,840 credit to Retained Earnings for net income. There was a $45,560 debit to Retained Earnings for cash dividends declared. Required: Cash flows from investing activities: Cash received from sale of investments $ Less cash paid for purchase of land $ Less cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock $ Less cash paid for dividends Net cash flow provided by financing activities Decrease in cash $ Cash at beginning of the year Cash at end of the year $