The comparative balance sheets and an income statement for Munoz Corporation follow: Other Information 1. Purchased land for $114,400. 2. Purchased new equipment for $103,000. 3. Sold old equipment that cost $132,730 with accumulated depreciation of $112,630 for $20,100 cash. 4. Issued common stock for $53,000. Required Prepare the statement of cash flows for 2017 using the indirect method. (Amounts to be deducted and cash outflows should be Indicated by a minus sign.)