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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 Long-term investments that cost the company $18 were sold during the year for $40 and land that cost $39 was sold for $21. In addition, the company declared and pald $15 in cash dividends during the year. Besides the sale of land, no gther sales or retirement of plant and equipment took place during the year. Pavolik did not retire any bonds during the yeor or issue any new common stock. The company's income statement for the year follows. The company's beginning cash balance was $122 and its ending balance was $105. 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 A the veas. (Adjustment amounts that are to be deducted should be ind cated with a minus sign.)

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