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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