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Business, 05.05.2020 18:34 vannitling12p4w44f

The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash $ 86,255 $ 27,755 Available-for-sale debt securities (not cash equivalents) 19,500 93,000 Accounts receivable 88,000 75,450 Inventory 173,000 152,200 Prepaid insurance 2,220 2,800 Land, buildings, and equipment 1,266,000 1,133,000 Accumulated depreciation (618,000 ) (580,000 ) Total assets $ 1,016,975 $ 904,205 Accounts payable $ 83,540 $ 156,670 Salaries payable 23,200 28,500 Notes payable (current) 32,200 83,000 Bonds payable 208,000 0 Common stock 300,000 300,000 Retained earnings 370,035 336,035 Total liabilities and shareholders' equity $ 1,016,975 $ 904,205 Additional information for 2018:. (1) Sold available-for-sale debt securities costing $73,500 for $78,800. (2) Equipment costing $20,000 with a book value of $5,800 was sold for $7,200. (3) Issued 6% bonds payable at face value, $208,000. (4) Purchased new equipment for $153,000 cash. (5) Paid cash dividends of $24,000. (6) Net income was $58,000.Required:Prepare a statement of cash flow for 2018 in good form (use the indirect method of cash flow from operating activities).

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The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash...

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