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

	2021				2020
Cash	$	94,025			$	31,955
Available-for-sale debt securities (not cash equivalents)		23,000				100,000
Accounts receivable		95,000				81,750
Inventory		180,000				158,500
Prepaid insurance		2,850				3,500
Land, buildings, and equipment		1,280,000				1,140,000
Accumulated depreciation		(625,000	)			(587,000	)
Total assets	$	1,049,875			$	928,705
Accounts payable	$	89,840			$	163,670
Salaries payable		26,000				32,000
Notes payable (current)		38,500				90,000
Bonds payable		215,000				0
Common stock		300,000				300,000
Retained earnings		380,535				343,035
Total liabilities and shareholders' equity	$	1,049,875			$	928,705

Additional information for 2021:

• (1) Sold available-for-sale debt securities costing $77,000 for $83,000.
• (2) Equipment costing $20,000 with a book value of $6,500 was sold for $8,250.
• (3) Issued 6% bonds payable at face value, $215,000.
• (4) Purchased new equipment for $160,000 cash.
• (5) Paid cash dividends of $27,500.
• (6) Net income was $65,000.
• (7) A portion of notes payable were paid back during 2021. No new notes were issued.
• (8) Depreciation expense can be computed by reconciling the accumulated depreciation account.

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.)