i may have done some but im not sure if everything is correct. Please solve this, exactly like its posted. Please no abbreviations and incomplete answers, with as much explanation as possible. THANK YOU

value: 10.00 points Exercise 14-4 Prepare a Statement of Cash Flows [LO14-1, L014-2] The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Equity Accounts Cash 33 D Accounts payable 101 l Accounts receivable 37 Accrued liabilities 37 D Inventory 84 D ncome taxes payable 42 I 308 I Prepaid expenses 32 Bonds payable Long-term investments 34 D Common stock 148 D Property, plant, and equipment 590 l Retained earnings 121 Accumulated depreciation 121 l D Decrease: I Increase Long-term investments that had cost the company $34 were sold during the year for $72, and land that had cost $71 was sold for $37. In addition, the company declared and paid $31 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: $1,410 Sales Cost of goods sold 628 Gross margin 782 Selling and administrative expenses 550 Net operating income 232 Nonoperating items: (34) Loss on sale of land Gain on sale of investment 38 Income before taxes 236 Income taxes 152 Net income