The Murdock Corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 Cash $ 96,245 $ 33,155 Available-for-sale securities (not cash equivalents) 24,000 102,000 Accounts receivable 97,000 83,550 Inventory 182,000 160,300 Prepaid insurance 3,030 3,700 Land, buildings, and equipment 1,284,000 1,142,000 Accumulated depreciation (627,000 ) (589,000 ) Total assets $ 1,059,275 $ 935,705 Accounts payable $ 91,640 $ 165,670 Salaries payable 26,800 33,000 Notes payable (current) 40,300 92,000 Bonds payable 217,000 0 Common stock 300,000 300,000 Retained earnings 383,535 345,035 Total liabilities and shareholders' equity $ 1,059,275 $ 935,705 Additional information for 2016: Sold available-for-sale securities costing $78,000 for $84,200. Equipment costing $20,000 with a book value of $6,700 was sold for $8,550. Issued 6% bonds payable at face value, $217,000. Purchased new equipment for $162,000 cash. Paid cash dividends of $28,500. Net income was $67,000. Required: Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)