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The Murdock Corporation reported the following balance sheet data for 2016 and 2015: Additional information for 2016: Sold available-for-sale securities costing exist73.000 for exist78.200. Equipment
The Murdock Corporation reported the following balance sheet data for 2016 and 2015: Additional information for 2016: Sold available-for-sale securities costing exist73.000 for exist78.200. Equipment costing exist20,000 with a book value of exist5, 700 was sold for exist7.050. Issued 6% bonds payable at face value, exist207,000. Purchased new equipment for exist152,000 cash. Paid cash dividends of exist23.500. Net income was exist57,000. Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities
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