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Condensed financial data of Novak Corp. follow.

Novak Corp. Comparative Balance Sheets December 31
Assets		2022		2021
Cash		$104,300		$48,600
Accounts receivable		92,100		33,700
Inventory		111,500		102,000
Prepaid expenses		29,500		25,200
Long-term investments		139,500		113,100
Plant assets		274,100		241,000
Accumulated depreciation		(46,800)		(52,300)
Total		$704,200		$511,300
Liabilities and Stockholders Equity
Accounts payable		$111,700		$67,800
Accrued expenses payable		16,100		17,000
Bonds payable		113,100		149,900
Common stock		219,500		174,200
Retained earnings		243,800		102,400
Total		$704,200		$511,300

Novak Corp. Income Statement For the Year Ended December 31, 2022
Sales revenue				$391,900
Less:
Cost of goods sold		$134,000
Operating expenses, excluding depreciation		12,700
Depreciation expense		30,300
Income tax expense		26,300
Interest expense		4,500
Loss on disposal of plant assets		7,500		215,300
Net income				$176,600

Additional information:

1.		New plant assets costing $79,300 were purchased for cash during the year.
2.		Old plant assets having an original cost of $46,200 and accumulated depreciation of $35,800 were sold for $2,900 cash.
3.		Bonds payable matured and were paid off at face value for cash.
4.		A cash dividend of $35,200 was declared and paid during the year.
5.		Common stock was issued at par for cash.
6.		There were no significant noncash transactions.

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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