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		$278,710		$262,560
Accounts receivable (net)		100,970		94,300
Inventories		285,030		279,180
Investments		0		108,170
Land		146,190		0
Equipment		314,470		246,840
Accumulated depreciation-equipment		(73,620)		(66,560)
	Total	$1,051,750		$924,490
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$190,370		$182,120
Accrued expenses payable (operating expenses)		18,930		24,040
Dividends payable		10,520		8,320
Common stock, $10 par		56,790		45,300
Paid-in capital in excess of par-common stock		213,510		125,730
Retained earnings		561,630		538,980
	Total	$1,051,750		$924,490

The following additional information was taken from the records:

The investments were sold for $126,560 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 $66,100 credit to Retained Earnings for net income.

There was a $43,450 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 activit 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