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

$20242023$

Cash $ $82,925$ $ $25,955$

Available$-$for$-$sale debt securities $($not cash equivalents$)18,00090,000$

Accounts receivable $85,00072,750$

Inventory $170,000149,500$

Prepaid insurance $1,9502,500$

Land, buildings, and equipment $1,260,0001,130,000$

Accumulated depreciation $(615,000)(577,000)$

Total assets $ $1,002,875$ $ $893,705$

Accounts payable $ $80,840$ $ $153,670$

Salaries payable $22,00027,000$

Notes payable $($current$)29,50080,000$

Bonds payable $205,0000$

Common stock $300,000300,000$

Retained earnings $365,535333,035$

Total liabilities and shareholders' equity $ $1,002,875$ $ $893,705$

Additional information for $2024$:

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

$(2)$ Equipment costing $$20,000$ with a book value of $$5,500$ was sold 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 $2024$ 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.

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