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The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional information for 2024 : (1) Sold avallable-for-sale debt securitles costing
The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional information for 2024 : (1) Sold avallable-for-sale debt securitles costing \\( \\$ 70,000 \\) for \\( \\$ 74,600 \\). (2) Equipment costing \\( \\$ 20,000 \\) with a book value of \\( \\$ 5,100 \\) was sold for \\( \\$ 6,150 \\). (3) Issued \6 bonds payable at face value, \\( \\$ 201,000 \\). (4) Purchased new equipment for \\( \\$ 146,000 \\) cash. (5) Pald cash dividends of \\( \\$ 20,500 \\). (6) Net income was \\( \\$ 51,000 \\). Requlred: Prepare a statement of cash flows for 2024 in good form using the indirect method for cash flows from operating activities. Note: Amounts to be deducted should be Indlcated with a minus sign. The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional information for 2024 : (1) Sold avallable-for-sale debt securitles costing \\( \\$ 70,000 \\) for \\( \\$ 74,600 \\). (2) Equipment costing \\( \\$ 20,000 \\) with a book value of \\( \\$ 5,100 \\) was sold for \\( \\$ 6,150 \\). (3) Issued \6 bonds payable at face value, \\( \\$ 201,000 \\). (4) Purchased new equipment for \\( \\$ 146,000 \\) cash. (5) Pald cash dividends of \\( \\$ 20,500 \\). (6) Net income was \\( \\$ 51,000 \\). Requlred: Prepare a statement of cash flows for 2024 in good form using the indirect method for cash flows from operating activities. Note: Amounts to be deducted should be Indlcated with a minus sign
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