Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. 15,000 or in parenthesis eg. (15,000) ) Cash Flows from Financing Activities Issuance of Common Stock Redemption of Bonds Payment of Dividends Net Cash Used by Investing Activities Net Cash Provided by Financing Activities Cash at Beginning of Period Cash at End of Period eTextbook and Media Presented here are the financial statements of Novak Company. Additional data: 1. Depreciation expense was $31,500. 2. Dividends declared and paid were $36,000. 3. During the year, equipment was sold for $15,300 cash. This equipment originally cost $32,400 and had accumulated depreciation of $17,100 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Increase in Irventory Increase in Accounts Payable 14400 Decrease in Income Taxes Payable 1800 Net Cash Used by Operating Activities \begin{tabular}{r} \hline 15300 \\ \hline \\ \hline \end{tabular} Cash Flows from Investing Activities Sale of Equipment. Net Cash Provided by Investing Activities Cash Flows from Financing Activities issuance of Common Stock