Business
Business, 22.01.2020 00:31, halloween212

The murdock corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 cash $ 87,365 $ 28,355 available-for-sale securities (not cash equivalents) 20,000 94,000 accounts receivable 89,000 76,350 inventory 174,000 153,100 prepaid insurance 2,310 2,900 land, buildings, and equipment 1,268,000 1,134,000 accumulated depreciation (619,000 ) (581,000 ) total assets $ 1,021,675 $ 907,705 accounts payable $ 84,440 $ 157,670 salaries payable 23,600 29,000 notes payable (current) 33,100 84,000 bonds payable 209,000 0 common stock 300,000 300,000 retained earnings 371,535 337,035 total liabilities and shareholders' equity $ 1,021,675 $ 907,705 additional information for 2016: sold available-for-sale securities costing $74,000 for $79,400. equipment costing $20,000 with a book value of $5,900 was sold for $7,350. issued 6% bonds payable at face value, $209,000. purchased new equipment for $154,000 cash. paid cash dividends of $24,500. net income was $59,000. 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.)

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The murdock corporation reported the following balance sheet data for 2016 and 2015: 2016 2015 cash...

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