Exercise 23-6 Novak Company's income statement for the year ended December 31, 2017, contained the following condensed information. Service revenue Operating expenses (excluding depreciation) Depreciation expense Loss on sale of $849,000 $621,000 60,000 27,000 708,000 141,000 40,000 $101,000 Income before income taxes Income tax expense Net income Novak's balance sheet contained the following comparative data at December 31 2017 2016 36,000 $52,000 3,000 32,000 4,100 8,200 Accounts payable Income taxes payable Accounts payable pertains to operating expenses.) Prepare the operating activities section of the 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 COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to