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Additional data: 1. Depreciation expense was $31,500. 2. Dividends declared and paid were $36,000. 3. During the year, equipment was sold for $15,300 cash. This

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Additional data: 1. Depreciation expense was $31,500. 2. Dividends declared and paid were $36,000. 3. During the year, equipment was sold for $15,300 cash. This equipment originally cost $32,400 and had accumulated depreciation of $17,100 at the time of sale. 4. Bonds were redeemed at their carrying value, Presented here are the financial statements of Novak Company. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign es. 15,000 or in porenthesis eg (15,000))

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