statement of cash flows indirect method the comparative balance sheet of mav 382962

Statement of Cash Flows”Indirect Method The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2013 and 2012, is shown as follows: Dec. 31, 2013 Dec. 31, 2012 Assets Cash $291,940 $275,330 Accounts receivable (net) 105,760 98,880 Inventories 298,550 292,770 Investments 0 113,430 Land 153,130 0 Equipment 329,400 258,850 Accumulated depreciation equipment (77,120) (69,800) Total $1,101,660 $969,460 Liabilities and Stockholders’ Equity Accounts payable (merchandise creditors) $199,400 $190,980 Accrued expenses payable (operating expenses) 19,830 25,210 Dividends payable 11,020 8,730 Common stock, $10 par 59,490 47,500 Paid in capital in excess of par common stock 223,640 131,850 Retained earnings 588,280 565,190 Total $1,101,660 $969,460 The following additional information was taken from the records: 1. The investments were sold for $132,710 cash. 2. Equipment and land were acquired for cash. 3. There were no disposals of equipment during the year. 4. The common stock was issued for cash. 5. There was a $68,650 credit to Retained Earnings for net income. 6. There was a $45,560 debit to Retained Earnings for cash dividends declared. Instructions: Hide ‘ Hint(s) Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use a minus sign to indicate cash outflows, negative amounts or a decrease in cash. Mavenir Technologies Inc. Statement of Cash Flows For the Year Ended December 31, 2013 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 $