1. Z Corporation reported the following balance sheet data for 2021 and 2020:

	2021	2020
Cash	$161,500	$28,750
Available-for-sale debt securities
(not cash equivalents)	15,500	85,000
Accounts receivable	70,000	48,250
Inventory	173,000	151,000
Prepaid insurance	3,500	2,000
Land, buildings, and equipment	1,260,000	1,125,000
Accumulated depreciation	(620,000)	(575,000)
Total assets	$1,063,500	$865,000
Accounts payable	$76,000	$135,000
Salaries payable	26,000	23,500
Notes payable (current)	30,000	65,000
Bonds payable	250,000	0
Common stock	300,000	300,000
Retained earnings	381,500	341,500
Total liabilities and shareholders' equity	$1,063,500	$865,000

Additional information for 2021:

(1.) Sold available-for-sale debt securities costing $69,500 for $74,000.

(2.) Equipment costing $30,000 with a book value of $10,000 was sold for $6,000.

(3.) Issued 6% bonds payable at face value, $250,000.

(4.) Purchased new equipment for $165,000 cash.

(5.) Paid cash dividends of $30,000.

(6.) Net income was $70,000.

Required:

Prepare a statement of cash flows for 2021 in good form using the indirect method for cash flows from operating activities.