Presented here are the financlal statements of Novak Company. Additional data: 1. Depreciation expense was $14,900. 2. Dividends declared and paid were $24,140. 3. During the year equipment was sold for $9,800 cash. This equipment cost $18,300 originally and had accumulated depreciation of $8,500 at the time of sale. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and purchases are on accoupt. Prepare a statement of cach flows for Novak Company using the direct method. (Show amounts that decrease cash flow with either a - sign e.8. - 15,000 or in parenthests e. .8. (15,000). cash pavments 5