Novak Corp. reported the following information for 2017.

Novak Corp. Comparative Balance Sheets December 31
Assets		2017			2016			Change Increase/Decrease
Cash		$60,160			$36,180			$23,980	Increase
Accounts receivable		61,450			22,220			39,230	Increase
Inventory		44,030			0			44,030	Increase
Prepaid expenses		6,020			3,980			2,040	Increase
Land		55,080			70,580			15,500	Decrease
Buildings		198,970			198,970			0
Accumulated depreciationbuildings		(21,210	)		(14,140	)		7,070	Increase
Equipment		183,700			68,520			115,180	Increase
Accumulated depreciationequipment		(27,600	)		(9,970	)		17,630	Increase
Totals		$560,600			$376,340
Liabilities and Stockholders Equity
Accounts payable		$42,920			$40,100			$2,820	Increase
Accrued expenses payable		0			10,010			10,010	Decrease
Bonds payable		99,830			149,860			50,030	Decrease
Common stock ($1 par)		228,840			60,370			168,470	Increase
Retained earnings		189,010			116,000			73,010	Increase
Totals		$560,600			$376,340

Novak Corp. Income Statement For the Year Ended December 31, 2017
Sales revenue				$942,640
Cost of goods sold		$475,040
Operating expenses		230,000
Interest expense		12,040
Loss on disposal of equipment		2,010		719,090
Income before income taxes				223,550
Income tax expense				64,840
Net income				$158,710

Additional information:
1.		Operating expenses include depreciation expense of $39,900.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $85,700 were declared and paid in 2017.
4.		Equipment with a cost of $166,250 was purchased for cash. Equipment with a cost of $51,070 and a book value of $35,870 was sold for $33,860 cash.
5.		Bonds of $50,030 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $168,470 was issued for cash.

Use this information to prepare a statement of cash flows using the indirect method.