eTextbook and Media Question 3 of 3 /40 Cash Flows from Investing Activities Proceeds from the Sale of Equipment v 5,000 Purchase Equipment 26,200 Loss on Sale of Equipment 59,800 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Proceeds from the Sale of Equipment v 26,200 /4031 The following information is for Novak Ltd. for the year ended June 30, 2024. 1. Land was sold at cost and none was purchased during the year. 2. In January, Novak sold for cash equipment that had an original cost of $26,200 and a net carrying amount of $13,600. (a) Using the information above, prepare the statement of cash flows for Novak Ltd. for the year ended June 30, 2024, 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).) eTextbook and Media Question 3 of 3 /40 Cash Flows from Investing Activities Proceeds from the Sale of Equipment v 5,000 Purchase Equipment 26,200 Loss on Sale of Equipment 59,800 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Proceeds from the Sale of Equipment v 26,200 /4031 The following information is for Novak Ltd. for the year ended June 30, 2024. 1. Land was sold at cost and none was purchased during the year. 2. In January, Novak sold for cash equipment that had an original cost of $26,200 and a net carrying amount of $13,600. (a) Using the information above, prepare the statement of cash flows for Novak Ltd. for the year ended June 30, 2024, 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).)