Current Attempt in Progress Presented here are the financial statements of Novak Company.Novak Company Comparative Balance Sheets December $31$ Additional data: $1.$ Depreciation expense was $\backslash (\backslash$$ $31,500\backslash ).2.$ Dividends declared and paid ware $\backslash (\backslash$$ $36,000\backslash ).3.$ During the year, equipment was sold for $\backslash (\backslash$$ $15,300\backslash )$ cash. This equipment originally cost $\backslash (\backslash$$ $32,400\backslash )$ and had accumulated depreciation of $\backslash$$$17,100$ at the time of sale. $4.$ Bonds were redeamed at thair carrying value. $5.$ Common stock was issued at par for cash.