Please help me to solve this problem dces10460$ 104The company's beginning cash balance was $130 and its ending balance was $109.Required:1. Use the indirect method to determine the net cash provided by operating activities for the year.2. Prepare a statement of cash flows for the year.income perore taxesIncome taxesNet incomeComplete this question by entering your answers in the tabs below.Required 1 Required 2Use the indirect method to determine the net cash provided by operating activities for the year. (Adjustment amorto be deducted should be indicated with a minus sign.)Contribution marginGross marginNet incomeSalesPavolik CompanyStatement of Cash Flows (partial) The following changes took place last year in Pavolik Company's balance sheet accounts:Asset and Contra-Asset AccountsCashAccounts receivableInventoryPrepaid expensesLong-term investmentsProperty, plant, and equipmentAccumulated depreciationD=Decrease; I= Increase.SalesCost of goods sold$ 21 D$ 25 I$ 60 D$ 20 I$ 22 D$ 410 I$ 85 1Gross marginSelling and administrative expensesNet operating incomeMonoperating items:Liabilities and Stockholders' Equity AccountsAccounts payableAccrued liabilitiesIncome taxes payableBonds payableCommon stockRetained earningsLong-term investments that cost the company $22 were sold during the year for $48 and land that cost $47 was sold for $25. Inaddition, the company declared and paid $19 in cash dividends during the year. Besides the sale of land, no other sales or retirementsof plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock.The company's income statement for the year follows:$ (22)26$1,050460590430160Loss on sale of landCain on sale of investments4Income before taxes164Income taxes60Net income$ 104The company's beginning cash balance was $130 and its ending balance was $109.Check my w$65 I$ 25 D$ 30 I$ 212 I$100 D$85 I

1) Use the indirect method, to determine the net cash provided by operating activities for the…

The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments i Property, plant, and equipment Accumulated depreciation D=Decrease; I= Increase. $ 21 D $ 25 I $ 60 D $ 20 I $ 22 D $ 410 I $ 85 I Liabilities and Stockholders' Equity Accounts Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $ 65 I $ 25 D $ 30 I $ 212 I $ 100 D $85 1 Long-term investments that cost the company $22 were sold during the year for $48 and land that cost $47 was sold for $25. In addition, the company declared and paid $19 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 u