Question: please help The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounta Cash hecounts receivable Inventory Prepaid expenses


The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounta Cash hecounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation 20 D $ 241 $ 58 D $ 19 1 $ 21 D $395 1 $ 821 Liabilities and stockholders' Equity Account Accounts payable $.621 Acerved abilities $ 24 D Income taxes payable $ 291 Bonds payable $2641 Common stock $ 96 Retained earnings $ 821 D Decrease; Increase Long-term investments that cost the company $21 were sold during the year for $46 and land that cost $45 was sold for $24. In addition, the company declared and paid $18 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: $1,020 446 574 420 154 Sales cost of goods sold Gross margin Selling and adminintrative expenses Het operating income Nonoperating items Los on sale of land Goin on sale of investments Income before taxes Incone taxes Net income $(21) 25 4 158 58 $ 100 The company's beginning cash balance was $128 and its ending balance was $108. 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) The company's beginning cash balance was $128 and its ending balance was $108. 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.) Pavolik Company Statement of Cash Flows (partial) The company's beginning cash balance was $128 and its ending balance was $108. 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: Beginning cash and cash equivalents Ending cash and cash equivalents
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