The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts Cash $80 Accounts payable $ 26 Accounts receivable $ 121 Accrued liabilities $ 120 Inventory $ 34 D Income taxes payable $ 171 Prepaid expenses $71 Bonds payable $ 108 Long-term investments $.9D Common stock $ 48 D Property, plant, and equipment $ 2151 Retained earnings 5461 Accumulated depreciation $ 461 D =Decrease; I = 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 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: 5 660 278 382 300 02 cost of goods sold Cross margin Selling and administrative expenses Het operating in one Nonoperating te Los on sale at Land Cain on sale of investments Income before taxes Income taxes Not Income 13 34 $52 The company's beginning cash balance was $104 and its ending balance was $96. Required: Gain on sale of investments Income before taxes Income taxes Net income 13 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. (List any deduction in cash and cash outflows as negative amounts.) Pavolik Company Statement of Cash Flows Operating activities Investing activities: Financing activities 0 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 Use the indirect method to determine the net cash provided by operating activities for the year. (Adjustment amounts t are to be deducted should be indicated with a minus sign.) Pavolik Company Statement of Cash Flows (partial) 0 $ 0 Required Required 2 > 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 0 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0