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Problem 21-167 12 The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2017 2018 15 Cash 96, 245 24,eee 97,eee 182,eee 3,8 1,284,eee (627,eee) 33,155 points Available-for-sale debt securities (not cash equivalents) 182,eee 83,55e 16e, 30e 3, 78 Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation 1,142,eee eBook (589,eee) $ 935,705 $1,e59,275 Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable $ 165,670 33,eee 92,eee 91,640 26,8ee 40, 30e 217,ee0 , 383,535 , 345, e35 Common stock Retained earnings Total liabilities and shareholders equity $1,059,275 935,7e5 Additional Information for 2018 (1) Sold avallable-for-sale debt securitles costing $78,000 for $84,200. (2) Equipment costing $20,000 witha book value of $6,700 was sold for $8,550. (3.) Issued 6% bonds payable at face value, $217,000. (4) Purchased new equipment for $162,000 cash. (5.) Pald cash dividends of $28,500. (6.) Net Income was $67,000. Required: Prepare a statement of cash flows for 2018 In good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) Requlred: Prepare a statement of cash flows for 2018 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.) MURDOCK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: Adjustments for noncash effects: Changes in operating assets and liabilities: Net cash flows from operating activities Cash flows from investing activities: Net cash fiows from investing activities Cash flows from financing activities: Net cash flows from financing activities Cash balance., January 1 Cash balance, December 31

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