View Policies Current Attempt in Progress Novak Corp's comparative balance sheets are presented below: Novak Corp. Comparative Balance Sheets December 31 4 2019 2018 Cash $ 16,800 $ 17,300 Accounts receivable 24,900 22.200 Investments 20,250 16,250 Equipment 60,050 70,250 Accumulated depreciation-equipment (13.850) (10,100 Total 5108.150 $115,900 Type here to search ORA W E R 'S D F H Question 5 of 6 $14.550 $ 11,050 Accounts payable Bonds payable 10,900 30,000 Common stock 49.500 45,400 Retained earnings 33.200 29,450 Total $108.150 $115.900 Additional information: 1 2 Net income was $18.550. Dividends declared and paid were $14,800. Equipment which cost $10.200 and had accumulated depreciation of $1.500 was sold for $3.500. No noncash investing and financing activities occurred during 2019. 3. (a) pe here to search 1 DOLE 8 U R. D G H K B N Quetool Decrease in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Operating Activities Sale of Equipment Cash Flows from Investing Activities Cash Flows trom Financing Actitles > Payment of Dividends $ search 92'T M DOLL o R T F D G 0 B N M Cart S. Question 5 of 6 > Cash Flows from Financing Activities Payment of Dividends $ Issuance of Common Stock Net Cash Used by Financing Activities Net Cash Used by Financing Activities V Net Increase in Cash Chat End of Period $ search o 92 Mc E F B N M CE