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Condensed financial data of Novak Corp. follow. Novak Corp. Statement of Cash Flows $ Adjustments to reconcile net income to $ Additional information: 1. New

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image text in transcribed Condensed financial data of Novak Corp. follow. Novak Corp. Statement of Cash Flows $ Adjustments to reconcile net income to $ Additional information: 1. New equipment costing $79,300 was purchased for cash during the year. 2. Old equipment having an original cost of $56,200 was sold for $12,900 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $45,200 was declared and paid during the year. Additional information: 1. New equipment costing $79,300 was purchased for cash during the year. 2. Old equipment having an original cost of $56,200 was sold for $12,900 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $45,200 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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