correct answer

The comparative balance sheets of Novak Inc. at the beginning and the end of the year 2025 are as follows. Net income of $50,160 was reported, and dividends of $26,220 were paid in 2025 . New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2025. (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000). Novak Inc. Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities * $ The comparative balance sheets of Novak Inc. at the beginning and the end of the year 2025 are as follows. Net income of $50,160 was reported, and dividends of $26,220 were paid in 2025 . New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2025. (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000). Novak Inc. Statement of Cash Flows For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities * $