12.6. The following information is available for Novak Corp. for the year ended December 31,...
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Accounting
12.6. The following information is available for Novak Corp. for the year ended December 31, 2022.
Beginning cash balance
$ 49,100
Accounts payable decrease
4,000
Depreciation expense
176,600
Accounts receivable increase
8,900
Inventory increase
12,000
Net income
309,700
Cash received for sale of land at book value
38,200
Cash dividends paid
13,100
Income taxes payable increase
5,100
Cash used to purchase building
315,000
Cash used to purchase treasury stock
28,300
Cash received from issuing bonds
218,000
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).)
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