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 $ 80,705 17,000 83,000 168,000 1,770 1,256,000 (613,000) $ 993,475 $ 79,040 21,200 27,700 203,000 300,000 362, 535 $ 993,475 2017 $ 24,755 88,000 70,950 147,700 2,300 1,128,000 (575,000) $ 886,705 $ 151,670 26,000 78,000 300,000 331,035 $ 886,705 Additional Information for 2018: (1.) Sold available for sale debt securities costing $71,000 for $75,800. (2.) Equipment costing $20,000 with a book value of $5,300 was sold for $6,450. (3.) Issued 6% bonds payable at face value, $203,000. (4.) Purchased new equipment for $148,000 cash. . (5.) Pald cash dividends of $21,500. . (6.) Net Income was $53,000. 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 slgn.) Required: Prepare a statement of cash flows for 2018 in good form using the Indirect method for cash flows from operating a to be deducted should be indicated with a minus sign.) MURDOCK CORPORATION 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: 0 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