2 The following changes took place last year in Pavolik Company's balance sheet accounts: 2.5 Soins Asset And Contro-Aset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation $ 18D $221 $ 540 $ 171 $ 19 D $3651 $ 761 Idabilities and stockholders' Equity Accounts Accounts payable $ 561 Acorded Liabilities 1220 Tacone taxes payable $ 271 Ronda payable 51891 Common stock 3 BRD Hetained earning # 761 BOR D = Decrease; Increase Hint Long-term investments that cost the company $19 were sold during the year for $42 and land that cost $41 was sold for $22. In addition, the company declared and paid $16 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: 8960 542 400 102 fales Cost of goods sold Gross margin selling and administrative expenses Net operating Income Nooperating items! Loss on sale of land con sale of investments Income before taxes Incone taxes et income (19) 23 4 146 50 $92 The company's beginning cash balance was 5124 and its ending balance was $106 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. Required 1 Required 2 Use the indirect method to determine the net cash provided by operating activities for the year. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) Pavolik Company Statement of Cash Flows (partial) RE Required 2 >