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 97,355 24,500 98,000 183,000 3,120 1,286,000 (628,000) $1,063,975 $ 92,540 27,200 41,200 218,000 300,000 385,035 $1,063,975 2020 33,755 103,000 84,450 161,200 3,800 1,143,000 (590,000) $ 939, 205 $ 166,670 33,500 93,000 300,000 346,035 $ 939, 205 Additional information for 2021: (1) Sold available-for-sale debt securities costing $78,500 for $84,800. (2) Equipment costing $20,000 with a book value of $6,800 was sold for $8,700. (3) Issued 6% bonds payable at face value, $218,000. (4) Purchased new equipment for $163,000 cash. (5) Paid cash dividends of $29,000. (6) Net income was $68,000. 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: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance, January 1 Cash balance, December 31