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The following changes took place last year in Pavolik Company's balance sheet accounts: D=Decrease;1=Increase Long-term investments that cost the company $10 were sold during the year for $24 and land that cont $23 was sold for $13. In oddition, the company declared and paid $7 in cash diyldends dudng the yeat 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 company's beginning cash balance was $106 and its ending balance was $97 The following changes took place last year in Pavolik Company's balance sheet accounts: D=Decrease;1=Increase Long-term investments that cost the company $10 were sold during the year for $24 and land that cont $23 was sold for $13. In oddition, the company declared and paid $7 in cash diyldends dudng the yeat 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 company's beginning cash balance was $106 and its ending balance was $97