The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 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 Additional information for 2024: 2024 $ 81,815 17,500 2023 $ 25,355 89,000 84,000 169,000 71,850 148,600 1,860 2,400 1,129,000 (576,000) 1,258,000 (614,000) $ 998,175 $ 890,205 $ 79,940 $ 152,670 21,600 28,600 26,500 79,000 204,000 0 300,000 300,000 364,035 332,035 $ 998,175 $ 890,205 (1) Sold available-for-sale debt securities costing $71,500 for $76,400. (2) Equipment costing $20,000 with a book value of $5.400 was sold for $6,600. (3) Issued 6% bonds payable at face value, $204,000. (4) Purchased new equipment for $149,000 cash. (5) Paid cash dividends of $22,000. (6) Net income was $54,000. Cash flows from operating activities: Net income Adjustments for noncash effects Depreciation expense 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 0 0 13