EXERCISE 15-4 Prepare a Statement of cash Flows 1.015-1, L015-2

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

Asset and Contra-Asset Accounts		Liabilities and Stockholders' Equity Accounts
Cash and cash equivalents		Accounts payable
Accounts receivable		Accrued liabilities
Inventory	$70 D	Income taxes payable	$8 1
Prepaid expenses		Bonds payable	$150 1
Long-term investments		Common stock	SSO D
Pronertv nlnnt and enninment	MRS T	Retained enrninq

Accumulated depreciation S60 1

l. Use the indirect method to determine the net cash provided by operating activities for the year.