Condensed financial data of Novak Corp.follow. Novak Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 145,440 $ 87,120 Accounts receivable 158,040 68,400 Inventory 202,500 185,130 Prepaid expenses 51,120 46,800 Long-term investments 248,400 196,200 Plant assets 513,000 436,500 Accumulated depreciation (90,000) (93,600) Total $1,228,500 $926,550 Liabilities and Stockholders' Equity Accounts payable $ 183,600 $ 121,140 Accrued expenses payable 29,700 37,800 Liabilities and Stockholders' Equity Accounts payable $ 183,600 $ 121,140 Accrued expenses payable 29,700 37,800 Bonds payable 198,000 262,800 Common stock 396,000 315,000 Retained earnings 421,200 189,810 Total $1,228,500 $926,550 Novak Corp Income Statement Data For the Year Ended December 31, 2022 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 Loss on disposal of plant assets 13,500 420,984 Novak Corp. Income Statement Data For the Year Ended December 31, 2022 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 Loss on disposal of plant assets 13,500 420,984 Net income $ 278,244 Additional information: 1. New plant assets costing $180,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $103,500 and accumulated depreciation of $87,300 were sold for $2,700 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $46,854 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Novak Corp. using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a Prepare a statement of cash flows for Novak Corp. using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).) Novak Corp. Statement of Cash Flows For the Year Ended December 31, 2022 $ $ A