Problem 16-1A Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect...

Unit 9 Accounting 16-1AThe comparative balance sheet of Mavenir Technologies Inc. for December 31, 2010 and2009, is shown as follows:Dec. 31, 2010 Dec. 31, 2009AssetsCash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 312,880 $ 292,960Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . 113,920 104,480Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,880 308,560Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 120,000Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164,000 0Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 352,560 276,560Accumulated depreciation—equipment . . . . . . . . . . ____(_8_3_,_2_0__0) ____(_7_4_,_0_0_0_)$____1__,1____8__1__,__0__4____0 $__1____,0____2__8__,__5__6__0__Liabilities and Stockholders’ EquityAccounts payable (merchandise creditors) . . . . . . . . $ 214,240 $ 202,480Accrued expenses payable (operating expenses) . . . 21,120 26,320Dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 9,600Common stock, $10 par. . . . . . . . . . . . . . . . . . . . . 64,000 48,000Paid-in capital in excess of par—common stock . . . . 240,000 140,000Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . ___6__2_9_,_6_8__0 ___6__0_2_,_1_6_0___$__1__,1____8__1__,__0__4____0 $__1____,0____2__8__,__5__6__0__The following additional information was taken from the records:a. The investments were sold for $140,000 cash.b. Equipment and land were acquired for cash.c. There were no disposals of equipment during the year.d. The common stock was issued for cash.e. There was a $75,520 credit to Retained Earnings for net income.f. There was a $48,000 debit to Retained Earnings for cash dividends declared.InstructionsPrepare a statement of cash flows, using the indirect method of presenting cash flowsfrom operating activities.Please find attached the template too use