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  3. the following changes took place last year in pavo

The following changes took place last year in Pavolik Company's balance sheet accounts: D= Decrease:...

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Accounting

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The following changes took place last year in Pavolik Company's balance sheet accounts: D= Decrease: 1 = Increase. tong-term investments that cost the company $22 were sold during the year for $48 and land that cost $47 was sold for $25. in addition, the company declared and paid $19 in cash dividends during the year. Besides the sald of fand, no other sales or retirements of plant and equipment took place during the yeat. Pavolik did not retire any bonds during the year or issue any new common stock. The company's income statement for the year follows: The company's begining cash balance was $130 and its ending balance was $109. Required: 1. Use the indirect method to determine the net cash provided by operating activities for the year: 2. Prepare a statement of cash flows for the year. Complete this question by entering your answers in the tabs below. Use the indirect method to determine the net cash provided by operating activities for the year: (Adjustment amounts the to be deducted should be indicated with a minus sign.) Complete this question by entering your answers in the tabs below

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