Exercise 12-08 The following information is available for Novak Corp. for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 36,000 8,550 61,500 7,200 4,650 85,800 156,000 57,000 5,850 121,500 99,000 240,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with Novak Corp. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to Adjustments to reconcile net income to