The Murdock Corporation reported the following balance sheet data for 2024 and 2023:

	2024	2023
Cash	$ 87,365	$ 28,355
Available-for-sale debt securities (not cash equivalents)	20,000	94,000
Accounts receivable	89,000	76,350
Inventory	174,000	153,100
Prepaid insurance	2,310	2,900
Land, buildings, and equipment	1,268,000	1,134,000
Accumulated depreciation	(619,000)	(581,000)
Total assets	$ 1,021,675	$ 907,705
Accounts payable	$ 84,440	$ 157,670
Salaries payable	23,600	29,000
Notes payable (current)	33,100	84,000
Bonds payable	209,000	0
Common stock	300,000	300,000
Retained earnings	371,535	337,035
Total liabilities and shareholders' equity	$ 1,021,675	$ 907,705

Additional information for 2024:

(1) Sold available-for-sale debt securities costing $74,000 for $79,400.

(2) Equipment costing $20,000 with a book value of $5,900 was sold for $7,350.

(3) Issued 6% bonds payable at face value, $209,000.

(4) Purchased new equipment for $154,000 cash.

(5) Paid cash dividends of $24,500.

(6) Net income was $59,000.

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.