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The net income for Novak Corp. for 2022 was $ 303,200. For 2022, depreciation on plant assets was $ 66,000, and the company incurred a
The net income for Novak Corp. for 2022 was $ 303,200. For 2022, depreciation on plant assets was $ 66,000, and the company incurred a loss on disposal of plant assets of $ 28,700, Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts. (Show amounts that decrease cash flow with either a - signeg. -15,000 or in parenthesis e.g. (15,000).) Novak Corp Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to $
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