The comparative balance sheets for Novak Corporation show the following information. Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment Patents December 31 2020 2019 $33,700 $13,200 12,100 9,900 12,000 9,100 -0 3,000 -0 29,500 45,000 19,800 5,000 6,100 $107,800 $90,600 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,100 2,000 -0- 5,000 -0- 2,900 31,000 43,000 20,800 $107,800 $4,500 4,500 6,100 3,000 4,900 4,000 25,000 33,000 5,600 $90,600 Additional data related to 2020 are as follows. 1. 2. 3. 4. Equipment that had cost $11,100 and was 40% depreciated at time of disposal was sold for $2,500. $10,000 of the long-term note payable was paid by issuing common stock. Cash dividends paid were $4,900. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,200 (net of $2,100 taxes). Debt investments (available-for-sale) were sold at $1,800 above their cost. The company has made similar sales and investments in the past. Cash was paid for the acquisition of equipment. A long-term note for $16,000 was issued for the acquisition of equipment. Interest of $2,000 and income taxes of $6,400 were paid in cash. 5. 6. 7. 8. Prepare a 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).)