The Murdock Corporation reported the following balance sheet data for 2016 and 2015:

	2016	2017
Cash	$ 77,375.00	$ 22,955.00
Available for sale securites (not cash equivalents)	$ 15,500.00	$ 85,000.00
Accounts receivable	$ 80,000.00	$ 68,250.00
Inventory	$ 165,000.00	$ 145,000.00
Prepaid insurance	$ 1,500.00	$ 2,000.00
Land, buildings, and equipment	$ 1,250,000.00	$ 1,125,000.00
Accumulated depreciation	$ (610,000.00)	$ (572,000.00)
Total assets	$ 979,375.00	$ 876,205.00
Accounts payable	$ 76,340.00	$ 148,670.00
Salaries payable	$ 20,000.00	$ 24,500.00
Notes payable (current)	$ 25,000.00	$ 75,000.00
Bonds payable	$ 200,000.00	$ -
Common stock	$ 300,000.00	$ 300,000.00
Retained earnings	$ 358,035.00	$ 328,035.00
Total liabilities and Shareholders' equity	$ 979,375.00	$ 876,205.00

Additional information for 2016:

(1.) Sold available-for-sale securities costing $69,500 for $74,000.

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

(3.) Issued 6% bonds payable at face value, $200,000.

(4.) Purchased new equipment for $145,000 cash.

(5.) Paid cash dividends of $20,000.

(6.) Net income was $50,000.

Required: Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities.