Problem 4: (20 points Here are comparative balance sheets for Novak Corp Novak Corp December 31 Cash Accounts receivable Inventory Land Equipment 72,500 88,500 189,600 73,700 259,200 (66,000) $595,500 $ 32,600 71400 187,300 101,900 200,200 (33,500) $558,900 Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity $35,200 150,200 214,100 196,000 $48,700 Accounts Payable Bonds Payable Common stock ($1 par) Retained eamings 203,700 176,000 133,500 $595,500S $559,900 Total Additional information: 1. Net income for 2017 was $102,500. 2. Cash dividends of $40,000 were declared and paid. 3. Bonds payable amounting to $53,500 were redeemed for cash $53,500. 4. Common stock was issued for $38,100 cash. 5. No equipment was sold during 2017, but land was sold at cost. ag Prepare a statement of cash flows for 2017 using the indirect method. A template is on the next p