The Murdock Corporation reported the following balance sheet data for 2013 and 2012: Additional information for 2013: (1.) Sold available-for-sale securities costing $69,500 for $74,000. (2.) Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. (3.) Issued 6% bonds payable at face value, $200,000. (4.) Purchased new equipment for $145,000 cash. (5.) Paid cash dividends of $20,000. (6.) Net income was $50,000. Required: Prepare a statement of cash flows for 2013 in good form using the direct method for cash flows from operating activities.

CashAvailable-for-salesecurities(notcashequivalents)AccountsreceivableInventoryPrepaidinsuranceLand,buildings,andequipmentAccumulateddepreciationTotalassetsAccountspayableSalariespayableNotespayable(current)BondspayableCommonstockRetainedearningsTotalliabilitiesandshareholdersequity2013$77,37515,50080,000165,0001,5001,250,000(610,000)$979,375$76,34020,00025,000200,000300,000358,035$979,3752012$22,95585,00068,250145,0002,0001,125,000(572,000)$876,205$148,67024,50075,0000300,000328,035$876,205 CashAvailable-for-salesecurities(notcashequivalents)AccountsreceivableInventoryPrepaidinsuranceLand,buildings,andequipmentAccumulateddepreciationTotalassetsAccountspayableSalariespayableNotespayable(current)BondspayableCommonstockRetainedearningsTotalliabilitiesandshareholdersequity2013$77,37515,50080,000165,0001,5001,250,000(610,000)$979,375$76,34020,00025,000200,000300,000358,035$979,3752012$22,95585,00068,250145,0002,0001,125,000(572,000)$876,205$148,67024,50075,0000300,000328,035$876,205