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The Murdock Corporation reported the following balance sheet data for 2 0 2 4 and 2 0 2 3 : 2 0 2 4 2

The Murdock Corporation reported the following balance sheet data for 2024 and 2023:20242023Cash $ 85,145 $ 27,155Available-for-sale debt securities (not cash equivalents)19,00092,000Accounts receivable 87,00074,550Inventory 172,000151,300Prepaid insurance 2,1302,700Land, buildings, and equipment 1,264,0001,132,000Accumulated depreciation (617,000)(579,000)Total assets $ 1,012,275 $ 900,705Accounts payable $ 82,640 $ 155,670Salaries payable 22,80028,000Notes payable (current)31,30082,000Bonds payable 207,0000Common stock 300,000300,000Retained earnings 368,535335,035Total liabilities and shareholders' equity $ 1,012,275 $ 900,705Additional information for 2024:(1) Sold available-for-sale debt securities costing $73,000 for $78,200.(2) Equipment costing $20,000 with a book value of $5,700 was sold for $7,050.(3) Issued 6% bonds payable at face value, $207,000.(4) Purchased new equipment for $152,000 cash.(5) Paid cash dividends of $23,500.(6) Net income was $57,000.Required:Prepare a statement of cash flows for 2024 in good form using the indirect method for cash flows from operating activities.Note: Amounts to be deducted should be indicated with a minus sign.

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