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HW-15

The following changes took place last year in Pavolik Company's balance sheet accounts: D= Decrease, I= Increase. Long-erm investments costing $18 were sold for $40 and land costing $39 was sold for $21 in addition, the company paid $15 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 companys income statement for the yeor follows: The company's beginning cash bolance was $122 and its ending bolance was $105 Required: 1. Use the indirect method to determine the net cash provided by operating octwies 2. Piepare a statement of cosh flows Complete this question by entering your answers in the tabs below. 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. Note: Adjustment amounts that are to be deducted should be indicated with a minus sign. 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. Prepare a statement of cash flows. Note: Uist any deduction in cash and cash outtlows as negative amounts

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