The Murdock Corporation reported the following balance sheet data for 2016 and 2015 2016 2015 84,035 26,555 Cash Available-for-sale securities (not cash equivalents) 18,500 91,000 86,000 73,650 Accounts receivable Inventory 171,000 150.400 Prepaid insurance 2,040 2,600 Land, buildings, and equipment 1,262,000 1,131,000 Accumulated depreciation (616,000) (578,000) 1,007,575 897,205 Total assets 81,740 154,670 Accounts payable 27,500 22,400 Salaries payable 30,400 Notes payable (current) 81,000 206,000 Bonds payable Common stock 300,000 300,000 334,035 367,035 Retained earnings 1,007,575 897,205 Total liabilities and shareholders' equity Additional information for 2016 Sold available-for-sale securities costing $72,500 for $77,600 Equipment costing $20,000 with a book value of $5,600 was sold for $6,900 Issued 6% bonds payable at face value, $206,000 Purchased new equipment for $151,000 cash. Paid cash dividends of $23,000 Net income was $56,000 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.)