TB Problem 21-167 (Algo)

The Murdock Corporation reported the following balance sheet data for 2021 and 2020:

	2021				2020
Cash	$	80,705			$	24,755
Available-for-sale debt securities (not cash equivalents)		17,000				88,000
Accounts receivable		83,000				70,950
Inventory		168,000				147,700
Prepaid insurance		1,770				2,300
Land, buildings, and equipment		1,256,000				1,128,000
Accumulated depreciation		(613,000	)			(575,000	)
Total assets	$	993,475			$	886,705
Accounts payable	$	79,040			$	151,670
Salaries payable		21,200				26,000
Notes payable (current)		27,700				78,000
Bonds payable		203,000				0
Common stock		300,000				300,000
Retained earnings		362,535				331,035
Total liabilities and shareholders' equity	$	993,475			$	886,705

Additional information for 2021:

(1) Sold available-for-sale debt securities costing $71,000 for $75,800.

(2) Equipment costing $20,000 with a book value of $5,300 was sold for $6,450.

(3) Issued 6% bonds payable at face value, $203,000.

(4) Purchased new equipment for $148,000 cash.

(5) Paid cash dividends of $21,500.

(6) Net income was $53,000.

Required: Prepare a statement of cash flows for 2021 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)