At Company A, the following changes took place on the company's balance sheet last year:

Note I is for increase and D is for decrease.

Asset and Contra-Asset Accounts	Liabilities and Stockholders' Equity Accounts
Cash and cash equivalents $5 D	Accounts payable $35 I
Accounts receivable $110 I	Accrued liabilities $4 D
Inventory $70 D	Income taxes payable $8 I
Prepaid expenses $9 I	Bonds payable $150 I
Long-term investments $6 D	Common stock $80 D
Property, plant, and equipment $185 I	Retained earnings $54 I
Accumulated depreciation $60 I

Other information:

• Long-term investments that cost the company $6 were sold during the year for $16
• Land that cost $15 was sold for $9.
• The company declared and paid $30 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.
• Company A did not retire any bonds during the year or issues any new common stock.
• Company A's beginning cash balance was $90.
• Company A's ending cash balance was $85.

Company A's income statement for the year follows:

Sales		$700
Cost of goods sold		400
Gross margin		300
Selling and administrative expenses		184
Net operating income		116
Nonoperating items:
Loss on the sale of land	$(6)
Gain on the sale of investments	10	4
Income before taxes		120
Income taxes		36
Net income		$84

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.