Statement of Cash Flows Indirect Method The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014 and 2013, is shown as follows Dec. 31, Dec. 31, 2013 2014 Assets Cash $286,160 $267,120 103,670 Accounts receivable (net) 95,940 Inventories 292,630 284,040 0 110,040 Investments Land 150,100 Equipment 322,880 251,130 Accumulated depreciation-equipment 75,590 (67,720 Tota $1,079,850 $940,550 Liabilities and Stockholders' Equity $195,450 $185,290 Accounts payable merchandise creditors Accrued expenses payable (operating expenses) 19,440 24,450 10,800 Dividends payable 8,460 Common stock, $10 par 58,310 46,090 Paid-in capital in excess of par-common stock 219,210 127,910 576,640 548,350 Retained earnings Tota $1,079,850 $940,550 The following additional information was taken from the records: a. The investments were sold for $128,750 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $72,500 credit to Retained Earnings for net income