Only need requirement 2

The following changes took place last year in Pavolik Company's balance sheet accounts Liabilities and Stockholders' Equity Accounts Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation 20DAccounts payable $ 24I Accrued liabilities 62 I $ 24 D $ 29 I $204 I $ 96 D 82 I 58 D Income taxes payable 19I Bonds payable $ 21 D Common stock $395 I Retained earnings $ 82 I D Decrease:I-Increase Long-term investments that cost the company $21 were sold during the year for $46 and land that cost $45 was sold for $24. In addition, the company declared and paid $18 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 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: $1,020 446 574 420 154 (21) 25 Loss on sale of land Gain on sale of investments Income before taxes Income taxes Net income 158 58 100 The company's beginning cash balance was $128 and its ending balance was $108. Reauired Required 1Required 2 Prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative amounts.) Pavolik Company Statement of Cash Flows Operating activities: et cash provided by operating activities Investing activities 260 46 ds from sale of long-term investments ds from sale of land Additions to property, plant & equipment 46 Financing activities Issu Repurchase of common stock Cash dividends 204 (96) (18) ance of bonds payable 90 396 Beginning cash and cash equivalents Ending cash and cash equivalents 396