the following changes took place during the year in pavolik 283954

The following changes took place during the year in Pavolik Company’s balance sheet accounts:



Long term investments that had cost the company $6 were sold during the year for $ 16, and land that had cost $15 was sold for $9. In addition, the company declared and paid $30 in cash dividends during the year. No sales or retirements of plant and equipment took place during the year. The company’s income statement for the year follows:



The company’s beginning cash balance was $90, and its ending balance was $85.

Required:

Use the indirect method to determine the net cash provided by operating activities for the year.

Prepare a statement of cash flows for theyear.