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The following changes took place last year in Pavolik companys balance sheet accounts: 1. using the indirect method to determine the net cash provided by
The following changes took place last year in Pavolik companys balance sheet accounts:
The following changes took place last year in Pavolik Company's balance sheet accounts: Annet and Contra-Asset Accounts Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation $ 35 D $ 39 1 $ 88 D $ 34 1 $ 36 D $620 1 $ 127 1 Tiabilities and Stockholders' Equity Accounts Accounts payable $107 1 Accrued liabilities $ 39 D Income taxes payable $ 441 Bonds payable $3241 Common stock $ 156 D Retained earnings $ 127 1 D-Decrease; I - Increase. Long-term investments that cost the company $36 were sold during the year for $76 and land that cost $75 was sold for $39. In addition, the company declared and paid $33 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: $1,470 656 814 570 244 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Lous on sale of land Gain on sale of investments Income before taxes Income taxes Net income $(36) 40 4 248 88 160 S The company's beginning cash balance was $158 and its ending balance was $123. 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 that are to be deducted should be indicated with a minus sign.) Pavollk Company Statement of Cash Flows (partial) 0 $ 0 Required 2 > Pavolik Company Statement of Cash Flows Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents 0 1. using the indirect method to determine the net cash provided by operating activities for the year
2. prepare a statement of cash flow's for the year
plesse show clear snd neat work. its helpful
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