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		$228,190		$212,270
Accounts receivable (net)		82,660		76,240
Inventories		233,360		225,720
Investments		0		87,450
Land		119,690		0
Equipment		257,470		199,560
Accumulated depreciation-equipment		(60,280)		(53,810)
	Total	$861,090		$747,430
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$155,860		$147,240
Accrued expenses payable (operating expenses)		15,500		19,430
Dividends payable		8,610		6,730
Common stock, $10 par		46,500		36,620
Paid-in capital in excess of par-common stock		174,800		101,650
Retained earnings		459,820		435,760
	Total	$861,090		$747,430

a. The following additional information was taken from the records:

b. The investments were sold for $102,320 cash.

c. Equipment and land were acquired for cash.

d. There were no disposals of equipment during the year.

e. The common stock was issued for cash.

f. There was a $59,190 credit to Retained Earnings for net income.

g. There was a $35,130 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 December 31, 2014 Cash flows from operating activities: Net income 59,190 Adjustments to reconcile net income to net cash flow from operating activities Depreciation Gain on sale of inv Changes in current operating assets and liabilities Increase in accoun Decrease in invent Increase In accoun Decrease in accrue Net cash flow from operating activities Cash flows from investing activities: Cash received fron Less cash paid for Less cash paid for Net cash flow used for investing activities Cash flows from financing activities: Cash received fron Less cash paid for . Net cash flow provided by financing activities Increase in cash Cash at beginning of the year Cash at end of the year