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Shown below are comparative statements of financial position for Novak Corporation.

NOVAK CORPORATION Statement of Financial Position December 31
Assets		2018			2017
Cash		$68,860			$20,300
Accounts receivable		84,070			75,690
Inventory		173,760			194,250
Land		79,120			100,930
Equipment		262,700			192,800
Accumulated depreciation equipment		(64,900	)		(29,900	)
		$603,610			$554,070
Liabilities and Shareholders Equity
Accounts payable		$37,110			$44,140
Bonds payable		145,000			191,000
Common shares		214,450			169,710
Retained earnings		207,050			149,220
		$603,610			$554,070

Additional information:

1.		Net income for 2018 was $96,630. There were no gains or losses reported on the income statement.
2.		Cash dividends of $38,800 were declared and paid.
3.		Bonds payable amounting to $46,000 were redeemed for cash $46,000. The bonds were originally issued at face value (no premium or discount).
4.		Common shares were issued for $44,740 cash.
5.		No land was purchased during 2018.
6.		No equipment was disposed of during 2018.

Prepare a statement of cash flows for 2018 using the indirect method.

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