The Murdock Corporation reported the following balance sheet data for 2016 and 2015:

	2016			2015
Cash	$	97,355		$	33,755
Available-for-sale securities (not cash equivalents)		24,500			103,000
Accounts receivable		98,000			84,450
Inventory		183,000			161,200
Prepaid insurance		3,120			3,800
Land, buildings, and equipment		1,286,000			1,143,000
Accumulated depreciation		(628,000	)		(590,000	)
Total assets	$	1,063,975		$	939,205
Accounts payable	$	92,540		$	166,670
Salaries payable		27,200			33,500
Notes payable (current)		41,200			93,000
Bonds payable		218,000			0
Common stock		300,000			300,000
Retained earnings		385,035			346,035
Total liabilities and shareholders' equity	$	1,063,975		$	939,205

Additional information for 2016:

Sold available-for-sale securities costing $78,500 for $84,800.

Equipment costing $20,000 with a book value of $6,800 was sold for $8,700.

Issued 6% bonds payable at face value, $218,000.

Purchased new equipment for $163,000 cash.

Paid cash dividends of $29,000.

Net income was $68,000.

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.)