this is 1 question but has 2 answers to it.

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 S BD Accounts receivable Accounts payable 5.261 $ 121 Accrued Habilities $ 120 Inventory 5 34 D Income taxes payable $ 171 Prepaid expenses 5 71 Bonds payable $1001 Long-term investments $ 90 Connon stock 5.400 Property, plant, and equipment $ 2151 Retained earnings $ 461 Accumulated depreciation 3.461 DE 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 The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and contre-asset Accounts abilities and Stockholders' Equity Accounts Cash SBD Accounts payable Accounts receivable 5 12 1 Accrued liabilities Inventory $ 140 Income taxes payable Prepaid expenses 3.71 Honds payable Long-term Investments $90 Common stock Property, plant, and equipment $ 2151 Hetained earnings Accumulated depreciation $.461 5261 $.120 $ 171 $ 100 S4D D-Decrease: 1 = 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. $ 660 278 Sales Cost of goods sold Gross margin Selline and administrative expenses 381 300 Long-term investments that cost the company $9 were sold during the year for $22 and land that cost $21 was sold for 512. 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: Sales $ 660 Cost of goods sold Gross margin Selling and administrative expenses Net operating Income Nonoperating items! Loss on sale of land $ (9) Gain on sale of investments 13 Income before taxes 05 Income taxes 34 $ 52 Net income 278 ***** 13) 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, Chec 82 Net operating income Nonoperating items: Loss on sale of land Gain on sale of investments Income before taxes Income taxes Net income 5 (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 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) 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.) Pavolik Company Statement of Cash Flows (partial) ++ Neyt 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 Operating activities Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents