The Murdock Corporation reported the following balance sheet data for 2021 and 2020:

	2021				2020
Cash	$	88,475			$	28,955
Available-for-sale debt securities (not cash equivalents)		20,500				95,000
Accounts receivable		90,000				77,250
Inventory		175,000				154,000
Prepaid insurance		2,400				3,000
Land, buildings, and equipment		1,270,000				1,135,000
Accumulated depreciation		(620,000	)			(582,000	)
Total assets	$	1,026,375			$	911,205
Accounts payable	$	85,340			$	158,670
Salaries payable		24,000				29,500
Notes payable (current)		34,000				85,000
Bonds payable		210,000				0
Common stock		300,000				300,000
Retained earnings		373,035				338,035
Total liabilities and shareholders' equity	$	1,026,375			$	911,205

Additional information for 2021:

• (1) Sold available-for-sale debt securities costing $74,500 for $80,000.
• (2) Equipment costing $20,000 with a book value of $6,000 was sold for $7,500.
• (3) Issued 6% bonds payable at face value, $210,000.
• (4) Purchased new equipment for $155,000 cash.
• (5) Paid cash dividends of $25,000.
• (6) Net income was $60,000.

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.)