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The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional information for 2024 : (1) Sold avallable-for-sale debt securities costing
The Murdock Corporation reported the following balance sheet data for 2024 and 2023 : Additional information for 2024 : (1) Sold avallable-for-sale debt securities costing $78,000 for $84,200. (2) Equipment costing $20,000 with a book value of $6,700 was sold for $8,550. (3) Issued 6% bonds payable at face value, $217,000. (4) Purchased new equipment for $162,000 cash. (5) Paid cash dividends of $28,500. (6) Net income was $67,000. 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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