The Murdock Corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 Cash $ 80,705 $ 24,755 Available-for-sale securities (not cash equivalents) 17,000 88,000 Accounts receivable 83,000 70,950 Inventory 168,000 147,700 Prepaid insurance 1,770 2,300 Land, buildings, and equipment 1,256,000 1,128,000 Accumulated depreciation (613,000 ) (575,000 ) Total assets $ 993,475 $ 886,705 Accounts payable $ 79,040 $ 151,670 Salaries payable 21,200 26,000 Notes payable (current) 27,700 78,000 Bonds payable 203,000 0 Common stock 300,000 300,000 Retained earnings 362,535 331,035 Total liabilities and shareholders' equity $ 993,475 $ 886,705 Additional information for 2016: Sold available-for-sale securities costing $71,000 for $75,800. Equipment costing $20,000 with a book value of $5,300 was sold for $6,450. Issued 6% bonds payable at face value, $203,000. Purchased new equipment for $148,000 cash. Paid cash dividends of $21,500. Net income was $53,000. 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.)