Statement of Cash FlowsIndirect Method The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2016 and 2015, is shown as follows: Dec. 31, 2016 Dec. 31, 2015 Assets Cash $266,160 $245,300 Accounts receivable (net) 96,420 88,100 Inventories 272,180 260,860 Investments 0 101,060 Land 139,610 0 Equipment 300,300 230,620 Accumulated depreciationequipment (70,310) (62,190) Total $1,004,360 $863,750 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $181,790 $170,160 Accrued expenses payable (operating expenses) 18,080 22,460 Dividends payable 10,040 7,770 Common stock, $10 par 54,240 42,320 Paid-in capital: Excess of issue price over par-common stock 203,890 117,470 Retained earnings 536,320 503,570 Total $1,004,360 $863,750 The following additional information was taken from the records: The investments were sold for $118,240 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 $73,350 credit to Retained Earnings for net income. There was a $40,600 debit to Retained Earnings for cash dividends declared. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Mavenir Technologies Inc. Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities: $ Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities $ Cash flows from investing activities: $ $ Net cash flow used for investing activities Cash flows from financing activities: $ Net cash flow from financing activities $ Cash at beginning of the year Cash at end of the year