The comparative balance sheets for Novak Corp. as of December 31 are presented below Novak Corp. Comparative Balance Sheets December 31 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment (66,195) (51,485) Total 100,028 $66,195 73,550 85,318 222,783 208,882 22,47730,891 213,295 191,230 294,200 294,200 (88,260) (58,840) 330,975 228,005 $1,102,853 $994,396 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $65,798 52,956 441,300 441,300 294,200 235,360 301,555 264,780 $1,102,853 $994,396 Additional information: 1. Operating expenses include depreciation expense of $61,782 2. Land was sold for cash at book value. 3. Cash dividends of $17,652 were paid. 4. Net income for 2017 was $54,427 5. Equipment was purchased for $135,332 cash. In addition, equipment costing $32,362 with a book value of $14,710 was sold for $11,768 cash. 6. 58,840 shares of $1 par value common stock were issued in exchange for land with a fair value of $58,840 Prepare a statement of cash flows for the year ended December 3 1,2017, 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. Statement of Cash Flows Adjustments to reconcile net income to