Statement of Cash FlowsIndirect Method

The 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		$270,230		$249,070
Accounts receivable (net)		97,900		89,450
Inventories		276,340		264,840
Investments		0		102,610
Land		141,750		0
Equipment		304,910		234,160
Accumulated depreciation-equipment		(71,380)		(63,140)
	Total	$1,019,750		$876,990
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$184,570		$172,770
Accrued expenses payable (operating expenses)		18,360		22,800
Dividends payable		10,200		7,890
Common stock, $10 par		55,070		42,970
Paid-in capital in excess of par-common stock		207,010		119,270
Retained earnings		544,540		511,290
	Total	$1,019,750		$876,990

The following additional information was taken from the records:

The investments were sold for $120,050 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 $74,470 credit to Retained Earnings for net income.

There was a $41,220 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 and for any adjustments, if required. Mavenir Technologies Inc. Statement of Cash Flows For the Year Ended December31, 2014 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