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 $ 12 D $ 16 1 $ 420 $ 111 5. 13 D $ 275 I $ 581 Liabilities and Stockholders' Equity Accounts Accounts payable $ 381 Accrued liabilities $ 16 D Income taxes payable $ 211 Bonds payable $ 140 1 Common stock $ 640 Retained earnings 5581 D = Decrease: 1 = Increase. Long-term investments that cost the company $13 were sold during the year for $30 and land that cost $29 was sold for $16. In addition, the company declared and paid $10 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: $ 780 334 446 340 106 Sales Cost of goods sold Gross margin Selling and administrative expenses Het operating income Nonoperating items: Loss on sale of land Gain on sale of investments Income before taxes Income taxes Niet income sonry $(13) 17 4 110 42 $ 68 The company's beginning cash balance was $112 and its ending balance was $100 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. Ranud 1 Required Complete this question by entering your answers in the tabs below. Required 1 Required 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 Investing activities Financing activities Beginning cash and cash equivalents Ending cash and cash equivalents