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		$311,160		$291,450
Accounts receivable (net)		112,720		104,680
Inventories		318,200		309,920
Investments		0		120,070
Land		163,210		0
Equipment		351,080		274,000
Accumulated depreciation-equipment		(82,190)		(73,890)
	Total	$1,174,180		$1,026,230
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$212,530		$202,170
Accrued expenses payable (operating expenses)		21,140		26,680
Dividends payable		11,740		9,240
Common stock, $10 par		63,410		50,290
Paid-in capital in excess of par-common stock		238,360		139,570
Retained earnings		627,000		598,280
	Total	$1,174,180		$1,026,230

The following additional information was taken from the records:

The investments were sold for $140,480 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 $76,950 credit to Retained Earnings for net income.

There was a $48,230 debit to Retained Earnings for cash dividends declared.

Required:

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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.

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						$