Exercise 12-5 The following information is available for Novak Corp. for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $47,880 3,937 172,368 8,725 11,704 302,282 37,240 12,768 5,001 307,496 27,664 212,800 Prepare a statement of cash flows 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).) Novak Corp. Statement of Cash Method