10.00 points The Murdock Corporation reported the following balance sheet data for 2016 and 2015: 2015 2016 79,595 24,155 87.000 Available-for-sale securities (not cash equivalents) 16,500 70,050 82,000 Accounts receivable 167,000 146,800 Inventory 2,200 1,680 Prepaid insurance 1,254,000 1,127,000 Land, buildings, and equipment (612,000) (574,000) Accumulated depreciation 988,775 883,205 Total assets 78,140 150,670 Accounts payable 20,800 25,500 Salaries payable 77,000 26,800 Notes payable (current) 202,000 Bonds payable 300,000 300,000 Common stock 361,035 330.035 Retained eamings 988,775 883,205 Total liabilities and shareholders' equity Additional information for 2016 Sold available-for-sale securities costing $70,500 for $75.200. Equipment costing $20,000 with a book value of $5,200 was sold for $6,300. Issued 6% bonds payable at face value, $202,000. Purchased new equipment for $147,000 cash. Paid cash dividends of $21,000. Net income was $52,000. Required: Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) MURDOCK COMPANY Statement of Cash Flows For the Year Ended December 31, 2016