Seved The Murdock Corporation reported the following balance sheet data for 2018 and 2017: $ 2017 3e, 755 98, cee 79,950 156.ee 3,300 Cash Available-for-sale debt securities (not cash equivalents) Accounts receivable Investory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable Connon stock Retained earnings Total liabilities and shareholders equity $ 91, ses 22,00 93. eee 178, 2.670 1,276,000 1623.008) $1,040, 475 5 88.ee 25,200 36,200 85. eee) 921,705 $ 161,670 88,00 e Jee.ee 300,000 377535 $1,048,475 5 921,705 Additional Information for 2018 (1) Sold available for sale debt securities 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 14.) Purchased new equipment for $158.000 cash. (5.) Pald cash dividends of $26,500. 16. Net Income was $63.000 Required: Prepare a statement of cash flows for 2018 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 CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating sites Additional Information for 2018: (1.) Sold available-for-sale debt securities 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.) Paid cash dividends of $26.500. (6.) Net Income was $63.000. Required: Prepare a statement of cash flows for 2018 in good form using the Indirect method for cash flows from operating to be deducted should be indicated with a minus sign.) MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: djustments for ninach MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance. December 31