Novak Corp.'s income statement contained the following condensed information. Novak Corp. Income Statement For the Year Ended December 31, 2020 Service revenue $971,100 Operating expenses, excluding depreciation $624,100 Depreciation expense 54,000 Loss on disposal of plant assets 24,900 703,000 Income before income taxes 268,100 Income tax expense Net income 40,000 $228,100 Novak's balance sheets contained the comparative data at December 31, shown below. 2020 2019 Accounts receivable $75,200 $60,400 Accounts payable 40,000 28,400 Income taxes payable 12,700 7,700 Accounts payable pertain 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 Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to Novak Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to 1