The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014

Question

The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014 and 2013, is shown as follows:

The following additional information was taken from the records:

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.

Dec. 31, 2014 Dec. 31, 2013 Assets Cash $298,280 $277,470 Accounts receivable (net) 108,060 99,650 Inventories 305,020 295,050 Investments 0 114,310 Land 156,460 0 Equipment 336,550 260,860 Accumulated depreciation-equipment (78,790) (70,340) Total $1,125,580 $977,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $203,730 $192,470 Accrued expenses payable (operating expenses) 20,260 25,400 Dividends payable 11,260 8,790 Common stock, $10 par 60,780 47,870 Paid-in capital in excess of par-common stock 228,490 132,870 Retained earnings 601,060 569,600 Total $1,125,580 $977,000

Explanation / Answer

The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2014

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