Question: PLEASE HELP Use the indirect method to determine the net cash provided by operating activities. Prepare a statement of cash flows. The company's beginning cash



The company's beginning cash balance was $90 and its ending balance was $85. 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. Use the indirect method to determine the net cash provided by operating activities. Use the indirect method to determine Notjustment amounts that are to be deducted should be indicatod with a minus sign. Exercise 15-7 (Static) Prepare a Statement of Cash Flows [LO15-1, LO15-2, LO15-3, LO15-4, LO15-5] The following changes took place last year in Pavolik Company's balance sheet accounts: D = Decrease; = Increase. Long-term investments costing $6 were sold for $16 and land costing $15 was sold for $9. In addition, the company paid $30 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: 1.66 points \begin{tabular}{|c|} \hline eBook \\ \hline Hint \\ \hline Print \\ \hline References \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Pavolik Company } \\ \hline \multicolumn{3}{|c|}{ Statement of Cash Flows } \\ \hline Operating activities: & \& & \\ \hline Net cash provided by operating activities & & 130 \\ \hline \multicolumn{3}{|l|}{ Investing activities: } \\ \hline Additions to property, plant and equipment & (200) & \\ \hline Proceeds from sale of land & 9 & \\ \hline Proceeds from sale of long-term investments & 16 & \\ \hline & & \\ \hline Net cash used in investing activities & & (175) \\ \hline \multicolumn{3}{|l|}{ Financing activities: } \\ \hline Issuance of bonds payable & 150 & \\ \hline Purchase of common stock & (80) & \\ \hline Cash dividends paid & (30) & \\ \hline & & \\ \hline Net cash provided by financing activities & & 40 \\ \hline Net decrease in cash and cash equivalents & & (5) \\ \hline Beginning cash and cash equivalents & & 90 \\ \hline Ending cash and cash equivalents & & $ \\ \hline \end{tabular} Required 1 Recuired 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
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