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Current Attempt in Progress Condensed financial data of Novak Corp, follow. Additional information: 1. New plant assets costing $290,000 were purchased for cash during the
Current Attempt in Progress Condensed financial data of Novak Corp, follow. Additional information: 1. New plant assets costing $290,000 were purchased for cash during the year: 2. Old plant assets having an original cost of $166,750 and accumulated depreciation of $140,650 were sold for $4,350 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $75,487 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 es, -15,000 or in parenthesis eg (15,000)) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000c
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