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The following are comparative balance sheets for Novak Company.
Novak Company Comparative Balance Sheets December
Assets
Cash $ Accounts receivable Inventory Land Equipment Accumulated depreciationequipment Total $ Liabilities and Stockholders Equity
$
$
$
$
Accounts payable
Bonds payable
Common stock $ par
Retained earnings
Total $
Additional information:
$
Net income for was $
Depreciation expense was $
Cash dividends of $ were declared and paid.
Bonds payable with a carrying value of $ were redeemed for $ cash.
Common stock was issued at par for $ cash.
No equipment was sold during
Land was sold for its book value.
Prepare a statement of cash flows for using the indirect method. Show amounts that decrease cash flow with either a sign eg or in parenthesis eg
