The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation D=Decrease; I = Increase. Liabilities and Stockholders' Equity Accounts $ 15 D $191 Accounts payable $ 47 I Accrued liabilities $ 19 D $ 48 D Income taxes payable $ 24 I $ 14 I Bonds payable $ 164 I $ 16 D Common stock $ 320 I $ 671 Retained earnings $ 76 D $ 671 Long-term investments that cost the company $16 were sold during the year for $36 and land that cost $35 was sold for $19. In addition, the company declared and paid $13 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: Loss on sale of land Gain on sale of investments: $ 870 376 494 370 124 $ (16) 20 128 48 $ 80 Income before taxes Income taxes Net income The company's beginning cash balance was $118 and its ending balance was $103. 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. to be deducted should be indicated with a minus sign.) Pavolik Company Statement of Cash Flows (partial) $ 0 0 Prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative ar Operating activities: Pavolik Company Statement of Cash Flows Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents 0 0 0 $ 0