$11 D $ 15 I $ 40 D $10 1 Long-term investments $ 12 D Property, plant, and equipment $260 1 The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-asset Accounts Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Liabilities and Stockholders' Equity Accounts Accounts payable $ 351 $ 150 $ 201 $ 132 1 $ 60 D $55 Accrued liabilities Income taxes payable. Bonde payable Connon stock Retained earnings Accumulated depreciation $ 55 I D= Decrease; I Increase. k ces Long-term investments costing $12 were sold for $28 and land costing $27 was sold for $15. In addition, the company paid $9 in cash dividends. 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 or issue common stock. The company's income statement for the year follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating incone Nonoperating itensi Loss on sale of land Cain on sale of investments Income before taxes Income taxes Net incone $ 750 320 430 330 100 $ (12) 16 4 104 40 $ 64 The company's beginning cash balance was $110 and its ending balance was $99. Required: 1. Use the indirect method to determine the net cash provided by operating activities. 2. Prepare a statement of cash flows. ok nt ences Required: 1. Use the indirect method to determine the net cash provided by operating activities. 2. Prepare a statement of cash flows. 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. Note: Adjustment amounts that are to be deducted should be indicated with a minus sign... Pavolik Company Statement of Cash Flows (partial) + Required 1 Required 2 > ces Required 1 Required 2 Prepare a statement of cash flows. Note: 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