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Shown below are comparative balance sheets for Novak Company Additional information: 1. Net income for 2022 was $167,400 2. Depreciation expense was $61,200. 3. Cash

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Shown below are comparative balance sheets for Novak Company Additional information: 1. Net income for 2022 was $167,400 2. Depreciation expense was $61,200. 3. Cash dividends of $70.200 were declared and pald. 4. Bonds payable amounting to $90,000 were redeemed forchsh $90,000. 5. Common stock was issued for 575,600 eash. 6. No equiprnent was sold during 2022 7. Land was sold for its book value repare a statement of cash flows for 2022 usinis the indirect method ishow amounts that decredse cash fow with elther a sign eg \&

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