The following changes took place last year in Pavolik Company's balance sheet accounts: Annet and Contre-Asset Accounts Kabilities and stockholders Equity Accounts Cash and cash equivalents $ 80 Accounts payable $ 261 Accounts receivable $ 121 Accrued liabilities $ 120 Inventory $340 Income taxes payable $ 171 Prepaid expenses 571 Bonds payable $ 1981 Long-term investments 590 Common stock $ 480 Property, plant, and equipment 52151 Retained earnings 5461 Accumulated depreciation 5461 D = Decrease increase Long-term investments that cost the company $9 were sold during the year for $22 and land that cost $21 was sold for $12. In addition, the company declared and paid $6 in cash dividends during the year. Besides the sale of land, no other soles 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 5660 278 382 see 52 82 Net operating income Nonoperating items: Loss on sale of land Gain on sale of investments Income before taxes Income taxes Net income $ (9) 13 4 86 34 $ 52 The company's beginning cash balance was $104 and its ending balance was $96. 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 Prepare a statement of cash flows for the year. (Ust any deduction in cash and cash outflows as negative amounts.) Pavolik Company Operating activities Net cash provided by operating activities Investing activities: Additions to property, plant & equipment 0 Financing activities: Cash dividends paid Issuance of bonds payable (6) Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents (6) (6) 104 98 $