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The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $92,375 $22,955 Available-for-sale debt securities (not cash equivalents) 15,500

The Murdock Corporation reported the following balance sheet data for 2018 and 2017:

2018

2017

Cash

$92,375

$22,955

Available-for-sale debt securities

(not cash equivalents)

15,500

85,000

Accounts receivable

80,000

68,250

Inventory

165,000

145,000

Prepaid insurance

1,500

2,000

Land, buildings, and equipment

1,250,000

1,125,000

Accumulated depreciation

(610,000)

(572,000)

Total assets

$994,375

$876,205

Accounts payable

$76,340

$148,670

Salaries payable

20,000

24,500

Notes payable (current)

25,000

75,000

Bonds payable

200,000

0

Common stock

300,000

300,000

Retained earnings

373,035

328,035

Total liabilities and shareholders' equity

$994,375

$876,205

Additional information for 2018:

(1.) Sold available-for-sale debt securities costing $69,500 for $74,000.

(2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000.

(3.) Issued 6% bonds payable at face value, $200,000.

(4.) Purchased new equipment for $145,000 cash.

(5.) Paid cash dividends of $20,000.

(6.) Net income was $65,000.

Required:

Prepare a statement of cash flows for 2018 in good form using the indirect method.

plz type the information, I would like to copy and paste it.

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