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		$316,970		$295,200
Accounts receivable (net)		114,830		106,020
Inventories		324,160		313,920
Investments		0		121,610
Land		166,260		0
Equipment		357,640		277,530
Accumulated depreciation-equipment		(83,730)		(74,840)
	Total	$1,196,130		$1,039,440
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$216,500		$204,770
Accrued expenses payable (operating expenses)		21,530		27,030
Dividends payable		11,960		9,350
Common stock, $10 par		64,590		50,930
Paid-in capital in excess of par-common stock		242,810		141,360
Retained earnings		638,740		606,000
	Total	$1,196,130		$1,039,440

The following additional information was taken from the records:

The investments were sold for $142,280 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 $81,590 credit to Retained Earnings for net income.

There was a $48,850 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.

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