The Murdock Corporation reported the following balance sheet data for 2016 and 2015:

	2016			2015
Cash	$	90,695		$	30,155
Available-for-sale securities (not cash equivalents)		21,500			97,000
Accounts receivable		92,000			79,050
Inventory		177,000			155,800
Prepaid insurance		2,580			3,200
Land, buildings, and equipment		1,274,000			1,137,000
Accumulated depreciation		(622,000	)		(584,000	)
Total assets	$	1,035,775		$	918,205
Accounts payable	$	87,140		$	160,670
Salaries payable		24,800			30,500
Notes payable (current)		35,800			87,000
Bonds payable		212,000			0
Common stock		300,000			300,000
Retained earnings		376,035			340,035
Total liabilities and shareholders' equity	$	1,035,775		$	918,205

Additional information for 2016:

Sold available-for-sale securities costing $75,500 for $81,200.

Equipment costing $20,000 with a book value of $6,200 was sold for $7,800.

Issued 6% bonds payable at face value, $212,000.

Purchased new equipment for $157,000 cash.

Paid cash dividends of $26,000.

Net income was $62,000.

Required:

Prepare a statement of cash flows for 2016 in good form using the indirect method for cash flows from operating activities. (Amounts to be deducted should be indicated with a minus sign.)