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The following are comparative balance sheets for Novak Company.

Novak Company Comparative Balance Sheets December $31$

Assets

Cash $$122,400$ Accounts receivable $158,400$ Inventory $300,600$ Land $144,000$ Equipment $468,000$ Accumulated depreciation$$equipment $(118,800)$ Total $$1,074,600$ Liabilities and Stockholders$$ Equity

$$39,600136,800340,200180,000360,000(57,600)$

$$999,000$

$ $77,400360,000313,200248,400$

$$999,000$

$2025$

$2024$

Accounts payable

Bonds payable

Common stock $($$$1$ par$)$

Retained earnings

Total $$1,074,600$

Additional information:

$ $70,200270,000388,800345,600$

$1.$ Net income for $2025$ was $$167,400.$

$2.$ Depreciation expense was $$61,200.$

$3.$ Cash dividends of $$70,200$ were declared and paid.

$4.$ Bonds payable with a carrying value of $$90,000$ were redeemed for $$90,000$ cash.

$5.$ Common stock was issued at par for $$75,600$ cash.

$6.$ No equipment was sold during $2025.$

$7.$ Land was sold for its book value.

Prepare a statement of cash flows for $2025$ using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-45,000,$ or in parenthesis e$.$g$.(45,000)).$