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Prepare a statement of cash flows for 2024 in good form using the Indlrect method for cash flows from operating actlvitles. Note: Amounts to be
Prepare a statement of cash flows for 2024 in good form using the Indlrect method for cash flows from operating actlvitles. Note: Amounts to be deducted should be Indlcated with a minus sign. The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional Information for 2024: (1) Sold avallable-for-sale debt securltles costing $76,000 for $81,800. (2) Equipment costing $20,000 with a book value of $6,300 was sold for $7,950. (3) Issued 6% bonds payable at face value, $213,000. (4) Purchased new equipment for $158,000 cash. (5) Pald cash dividends of $26,500. (6) Net Income was $63,000. Required: Prepare a statement of cash flows for 2024 In good form using the Indirect method for cash flows from operating actlvitles. Note: Amounts to be deducted should be Indlcated with a minus sign
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