The Murdock Corporation reported the following balance sheet data for 2018 and 2017: Cash Available-for-sale debt securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity 2018 $ 89,585 21,000 91,000 176,000 2,490 1,272,000 (621,000) $1,031,075 $ 86,240 24,400 34,900 211,000 300,000 374,535 $1,031,075 2017 $ 29,555 96,000 78,150 154,900 3,100 1,136,000 (583,000) $ 914,705 $ 159,670 30,000 86,000 0 300,000 339,035 $ 914, 705 Additional information for 2018: (1.) Sold available-for-sale debt securities costing $75,000 for $80,600. (2.) Equipment costing $20,000 with a book value of $6,100 was sold for $7,650 (3.) Issued 6% bonds payable at face value, $211,000. (4.) Purchased new equipment for $156,000 cash. (5.) Paid cash dividends of $25,500. (6.) Net income was $61,000. Required: Prepare a statement of cash flows for 2018 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Saved Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31