Novak Company reported 2025 net income of $158,800. During 2025, accounts receivable increased by $18,000...

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Accounting

Novak Company reported 2025 net income of $158,800. During 2025, accounts receivable increased by $18,000 and accounts
payable increased by $9,740. Depreciation expense was $47,500.
Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with
either a - sign e.g.-15,000 or in parenthesis e.g.(15,000).)
NOVAK COMPANY
Statement of Cash Flows (Partial)
Adjustments to reconcile net income to
$
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