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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 securities costing $76,000

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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 securities costing $76,000 for $81,800. (2) Equipment costing $20,000 with a book value of $6,300 was sold for $7,950. (3) Issued 6% bonds payable at face value, $213,000. (4) Purchased new equipment for $158,000 cash. (5) Paid cash dividends of $26,500. (6) Net income was $63,000. Required: Prepare a statement of cash flows for 2024 in good form using the indirect method for cash flows from operati Note: Amounts to be deducted should be indicated with a minus sign. MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2024 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

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