The following changes took place last year in Pavolik Company's balance sheet accounts:

$D=$ Decrease ;$|=$ Increase

Long$-$term investments costing $$34$ were sold for $$72$ and land costing $$71$ was sold for $$37.$ In addition, the company paid $$31$ in cash

dividends. 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 or issue common stock.

The company's income statement for the year follows:

The company's beginning cash balance was $$154$ and its ending balance was $$121.$

Required:

Use the indirect method to determine the net cash provided by operating activities.

Prepare a statement of cash flows.

Complete this question by entering your answers in the tabs below.

Use the indirect method to determine the net cash provided by operating activities.

Note: Adjustment amounts that are to be deducted should be indicated with a minus sign.