The Murdock Corporation reported the following balance sheet data for 2016 and 2015:

	2016			2015
Cash	$	98,465		$	34,355
Available-for-sale securities (not cash equivalents)		25,000			104,000
Accounts receivable		99,000			85,350
Inventory		184,000			162,100
Prepaid insurance		3,210			3,900
Land, buildings, and equipment		1,288,000			1,144,000
Accumulated depreciation		(629,000	)		(591,000	)
Total assets	$	1,068,675		$	942,705
Accounts payable	$	93,440		$	167,670
Salaries payable		27,600			34,000
Notes payable (current)		42,100			94,000
Bonds payable		219,000			0
Common stock		300,000			300,000
Retained earnings		386,535			347,035
Total liabilities and shareholders' equity	$	1,068,675		$	942,705

Additional information for 2016:

Sold available-for-sale securities costing $79,000 for $85,400.

Equipment costing $20,000 with a book value of $6,900 was sold for $8,850.

Issued 6% bonds payable at face value, $219,000.

Purchased new equipment for $164,000 cash.

Paid cash dividends of $29,500.

Net income was $69,000.

Required:

Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)