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help! Condensed financial data of Novak Corp. follow. Accumulated depreciation Total ( frac{(145,000)}{left.frac{(150,800)}{$ 1,979,250} ight)} stackrel{$ 1,492,775}{hdashline} ) Liabilities and Stockholders' Equity Accounts payable Bonds
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Condensed financial data of Novak Corp. follow. Accumulated depreciation Total \( \frac{(145,000)}{\left.\frac{(150,800)}{\$ 1,979,250} ight)} \stackrel{\$ 1,492,775}{\hdashline} \) Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock Retained earnings Total $1,979,250678,600$1,492,775305,805 Novak Corp. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $1,126,534 Less: Cost of goods sold $392,834 Operating expenses, excluding depreciation 35,989 Depreciation expense Income tax expense Interest experise Loss on disposal of plant assets Net income $448,28221,750 dditional information: 1. New plant assets costing $290,000 were purchased for cash during the year. 2. Old piant 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 caahdividend of $75.487 was declared and paid during the year. Prepare a statement of cash flows using the indirect method, (Show amounts that decreose cash flow with either a1ign es. - 15,000 or in parenthesh est (15.000) Step by Step Solution
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