sorry forgot to add begining. thanks!! :)
The company's beginning cash balance was $152 and its ending balance was $120. 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) Net income Adjustments to convert net income to a cash basis. 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) Net income Adjustments to convert net income to a cash basis: 0 0 $ Required 2 > Required 1 Required 2 Prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negativ Pavolik Company Statement of Cash Flows Operating activities: Investing activities: Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents 0 $ 0 Required The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-aset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-tern investments Property, plant, and equipment Accumulated depreciation $ 32 D $ 36 1 $ 82 D $ 31 1 $ 33 D $575 1 $118 1 Liabilities and Stockholders' Equity Accounts Accounts payable $ 981 Accrued liabilities $ 36 D Income taxes payable $ 411 Bonds payable $ 300 1 Common stock $144 D Retained earnings $11BT Book Hint Print Ferences D-Decrease; I - Increase. Long-term investments that cost the company $33 were sold during the year for $70 and land that cost $69 was sold for $36. In addition, 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. Pavolik did not retire any bonds during the year or issue any new common stock. The company's income statement for the year follows: $1,380 614 766 540 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items! LOSB on sale of land Cain on sale of investments Income before taxes Income taxes Net income ${33) 37 230 82 148 $ ved Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items! Loss on sale of land Gain on sale of investments Income before taxes Income taxes Net income $1,380 614 766 540 226 $(33) 37 4 230 82 148 $ es The company's beginning cash balance was $152 and its ending balance was $120. 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.)
