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The Murdock Corporation reported the following balance sheetdata for 2018 and 2017:
  

	2018				2017
Cash	$	82,925			$	25,955
Available-for-sale debtsecurities (not cash equivalents)		18,000				90,000
Accounts receivable		85,000				72,750
Inventory		170,000				149,500
Prepaid insurance		1,950				2,500
Land, buildings, andequipment		1,260,000				1,130,000
Accumulated depreciation		(615,000	)			(577,000	)
Total assets	$	1,002,875			$	893,705
Accounts payable	$	80,840			$	153,670
Salaries payable		22,000				27,000
Notes payable (current)		29,500				80,000
Bonds payable		205,000				0
Common stock		300,000				300,000
Retained earnings		365,535				333,035
Total liabilities andshareholders' equity	$	1,002,875			$	893,705

  
Additional information for 2018:

(1.) Sold available-for-sale debt securities costing $72,000 for$77,000.

(2.) Equipment costing $20,000 with a book value of $5,500 wassold for $6,750.

(3.) Issued 6% bonds payable at face value, $205,000.

(4.) Purchased new equipment for $150,000 cash.

(5.) Paid cash dividends of $22,500.

(6.) Net income was $55,000.

Required:
Prepare a statement of cash flows for 2018 in good form using theindirect method for cash flows from operating activities.(Amounts to be deducted should be indicated with a minussign.)
  

MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operatingactivities: Adjustments for noncasheffects: Changesin operating assets and liabilities: Net cash flows from operatingactivities Cash flows from investingactivities: Net cash flows from investingactivities Cash flows from financingactivities: Net cash flows from financingactivities Cash balance, January 1 Cash balance, December 31