The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Canh Accounts receivable Inventory Liabilities and Stockholders' Equity Accounts $ 15 D Accounts payable i $ 19 I Accrued liabilities $ 48 D Income taxes payable- $ 14 I Bonds payable $16 D Common stock Property, plant, and equipment Accumulated depreciation $320 I Retained earnings $ 671 Prepaid expenses Long-term investments $472 $19 D $ 24 I $164 I $ 76 D $ 671 D Decrease; I Increase. 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 Belling and administrative expenses Het operating incone Nonoperating items Loss on sale of land $870 376 494 370 124 0 (16) 201 4 128 Gain on sale of investments Incose before taxes Income taxes Net incone 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.