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

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The following changes took place last year in Pavolik Company's balance sheet accounts: D= Decrease: 1 = Increase. Long-term investments that cost the company $11 were sold during the year for $26 and land that cost $25 was sold for $14. In addition, the company declared and paid $8 in cash dividends during the year, Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. 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 beginning cash balance was $108 and its ending balance was $98 Required: 1. Use the indirect method to determine the net cash provided by operating activities for the year Pavolik Company Statement of Cash Flows (partial) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Pavolik Company } & \\ \hline Operating activities: & & \\ \hline & & \\ \hline Investing activities: & & \\ \hline & & \\ \hline & & \\ \hline Financing activities: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Beginning cash and cash equivalents & & \\ \hline Ending cash and cash equivalents & & \\ \hline \end{tabular}

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