1 1 Exercise 14-2A Use the Indirect method to determine cash flows from operating activities LO 14-1 Baird Incorporated presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from the company's 2017 and 2016 year-end balance sheets: Recount 2017 2016 Mccounts payabi 6,950 $ 2.550 Recountable 915.000 1017.100 The 2017 Income statement showed net income of $27700, Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cashflows from operating activities Net cash flow from operating activities