Accounting

Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15An nr in narenthecice a (15nn)l Condensed financial data of Novak Inc. follow. Liabilities and Stockholders' Equity Accounts payable $183,600$121,140 Accrued expenses payable 29,70037,800 Bonds payable 198,000262,800 Common stock 396,000315,000 Retained earnings Total Novak Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $699,228 Less: Cost of goods sold $243,828 Operating expenses, excluding depreciation 22,338 Depreciation expense 83,700 Income tax expense 49,104 Interest expense 8,514 Additional intormations 1. New plant assets costing $180 :000 were purchased for eash during the year. 2. Old plant assets havine anoriginal cost of 5100.500 and accumalated depreciation of 5 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of 946,854 was declared and poid darint the year. 5. Commonstock was isued at pac for cave 6. There were no simiticant noncintitransictiont