The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 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 2021 81,815 17,500 84,000 169,000 1,860 1,258,000 (614,000). $ 998,175 79,940 21,600 28,600 204,000 300,000 364,035 $ 998, 175 2020 $ 25,355 89,000 71,850 148, 600 2,400 1,129,000 (576,000) $ 890,205 $ 152,670 26,500 79,000 @ 300,000 332,035 $ 890,205 Additional information for 2021: (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. Required: Prepare a statement of cash flows for 2021 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: (Net income $ Adjustments for noncash effects: Depreciation expense Gain on sale of equipment 54.000 S 38,000 Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities 92.000 Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: 92,000 0 Net cash flows from investing activities Cash flows from financing activities 0 Net cash flows from financing activities Cash balance January 1 Cash balance. December 31 9 0