Please do not give solution in image format thanku The Murdock Corporation reported the following balance sheet data for 2021 and 2020CashAvailable-for-sale debt securities (not cash equivalents)Accounts receivableInventoryPrepaid insuranceLand, buildings, and equipmentAccumulated depreciationTotal assetsAccounts payableSalaries payable iNotes payable (current)Bonds payableCommon stockRetained earningsTotal liabilities and shareholders' equityAdditional information for 2021:(1) Sold available-for-sale debt securities costing $73,000 for $78,200(2) Equipment costing $20,000 with a book value of $5,700 was sold for $7,050.(3) Issued 6% bonds payable at face value, $207,000(4) Purchased new equipment for $152.000 cash(5) Paid cash dividends of $23,500(6) Net income was $57,000.202185,145 $19,00087,000172,0002,1301,264,000(617,000)$1,912,275$$ 82,64022,80031,300207,000300,000368,535$1,012,275202027,15592,00074,558151,3002,7001,132,000(579,000)$ 900,705$ 155,67028,00082,000e300,000335,035$ 900,705Required:Prepare a statement of cash flows for 2021 in good form using the indirect method for cash flows from operating activities (Amountsto be deducted should be indicated with a minus sign.)

Please find the cash flow statement of Murdock Corporation in step 3 below.

The Murdock Corporation reported the following balance sheet data for 2021 and 2020 Cash Available for sale debt securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation. Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $ 2021 85,145 $ 19,000 87,000 172,000 2,130 $ 1,264,000 1,132,000 (617,000) (579,000) $1,012,275 $ 900,705 2020 27,155 92,000 74,550 151,300 2,700 82,640 $ 155,670 28,000 82,000 22,800 31,300 207,000 300,000 368,535 $1,012,275 300,000 335,035 $ 900,705

The Murdock Corporation reported the following balance sheet data for 2021 and 2020 Cash Available for sale debt securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation. Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity $ 2021 85,145 $ 19,000 87,000 172,000 2,130 $ 1,264,000 1,132,000 (617,000) (579,000) $1,012,275 $ 900,705 2020 27,155 92,000 74,550 151,300 2,700 82,640 $ 155,670 28,000 82,000 22,800 31,300 207,000 300,000 368,535 $1,012,275 300,000 335,035 $ 900,705

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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