Novak Co. reported the following items in the most recent year. Net income $41.500 Dividends paid 5.500 Increase in accounts receivable 11.000 Increase in accounts payable 7.000 Purchase of equipment 8,000 Depreciation expense 3,500 Issue of notes payable for cash 18.500 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid related to the company's common shares and are treated as financing activities. Novak uses the indirect method for its Statement of Cash Flows. (Show amounts that decrease cash flow with either a signe.g. - 15,000 or in parenthesis e.g. (15,000).) Net cash provided by operating activities $ 42,000 Net change in cash during the year $ 47.000 Free cash flow 28,500 X Your answer is incorrect Assuming Novak had 100,000 common shares outstanding for the entire year, calculate cash flow per share to be included in the financial statements if Novak follows IFRS and chooses to disclose the ratio. Assume Novak uses cash flow from operations for this ratio. (Round answer to 2 decimal places, e. 3. 52.75) X Your answer is incorrect. Assuming Novak had 100.000 common shares outstanding for the entire year, calculate cash flow per share to be included in the financial statements if Novak follows IFRS and chooses to disclose the ratio. Assume Novak uses cash flow from operations for this ratio. (Round answer to 2 decimal places, e.g. 52.75.) Cash flow per share $