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The Murdock Corporation reported the following balance sheet data for 2016 and 201 2016 2015 Cash Avallable-for-sale securities (not cash $ 82,925 S 25,955 18,000
The Murdock Corporation reported the following balance sheet data for 2016 and 201 2016 2015 Cash Avallable-for-sale securities (not cash $ 82,925 S 25,955 18,000 5,000 1,950 90,000 equivalents) Accounts recelvable Inventory Prepald Insurance Land, bulldings, and equipment Accumulated depreclation 72,750 70,000 149,500 2,500 1,260,000 1130,000 (615,000) (577,000) Total assets $ 1,002,875 $ 893,705 Accounts payable Salarles payable Notes payable (current) Bonds payable Common stock Retalned earnings $ 80,840 $ 153,670 22,000 27000 80,000 0 300,000 300,000 365,535 333,035 29,500 205,000 Total llablities and shareholders' equity S 1,002,875 S 893,705 Additional Information for 2016 Sold avallable-for-sale securities costing $72,000 for $77,000 Equipment costing $20,000 with a book value of $5,500 was sold for $6,750 Issued 6% bonds payable at face value, $205,000 Purchased new equipment for $150,000 cash Pald cash dividends of $22,500 Net Income was $55,000 Requirec 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 wlth a minus sign.)
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