Problem 14-19A (Algo) Using financial statements to prepare a statement of cash flows-indirect method 141,143,144 The comparative balance sheets and an income statement for Gibson Corporation follow: Other Information 1. Purchased land for $114,700. 2. Purchased new equipment for $97,200. 3. Sold old equipment that cost $134,080 with accumulated depreciation of $113,980 for $20,100 cash. 4. Issued common stock for $53,000. Prepare 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.)