he comparative balance sheets and an income statement for Baird Corporation follow: Dther Information 1. Purchased land for $113,700. 2. Purchased new equipment for $99,300. 3. Sold old equipment that cost $133,150 with accumulated depreciation of $114,150 for $19,000 cash. 4. Issued common stock for $54,000. Required Drepare the statement of cash flows for 2017 using the indirect method. (Amounts to be deducted and cash outflows should be ndicated by a minus sign.) BAIRD CORPORATION Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Add: Decrease in current assets and Increases in current liabilities: Less: Increases in current assets and Decreases in current liabilities: Plus: Noncash charges