Statement of Cash Flows-Indirect Method The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014 and 2013, is shown as follows Dec. 31, Dec. 31, 2014 2013 Assets Cash $260,880 $241,000 Accounts receivable (net) 94,510 86,560 256,270 266,790 Inventories 99,290 Investments 136,840 Land 294,350 226,580 Equipment Accumulated depreciation-equipment (68,910) (61,100) Total $984,460 $848,600 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $178,190 $167,170 Accrued expenses payable (operating expenses) 17,720 22,060 Dividends payable 9,840 7,640 53,160 Common stock, $10 par 41,580 Paid-in capital in excess of par-common stock 199,850 115,410 Retained earnings 525,700 494,740 Total $984,460 $848,600