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		$299,120		$279,220
Accounts receivable (net)		108,360		100,280
Inventories		305,900		296,920
Investments		0		115,030
Land		156,900		0
Equipment		337,500		262,500
Accumulated depreciation-equipment		(79,010)		(70,790)
	Total	$1,128,770		$983,160
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$204,310		$193,680
Accrued expenses payable (operating expenses)		20,320		25,560
Dividends payable		11,290		8,850
Common stock, $10 par		60,950		48,170
Paid-in capital in excess of par-common stock		229,140		133,710
Retained earnings		602,760		573,190
	Total	$1,128,770		$983,160

The following additional information was taken from the records:

The investments were sold for $134,590 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 $75,780 credit to Retained Earnings for net income.

There was a $46,210 debit to Retained Earnings for cash dividends declared.

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 December 31, 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
Cash flows from financing activities:
				$
Net cash flow provided by financing activities
						$
Cash at beginning of the year
Cash at end of the year						$