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[The following information applies to the questions displayed below.) Ravenna Company is a merchandiser that uses...


[The following information applies to the questions displayed below.) Ravenna Company is a merchandiser that uses the indirec
[The following information applies to the questions displayed below.) Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 110,200 87,800 117,900 315,900 312,000 104,000 208,000 $ 523,900 Beginning Balance $ 132,350 94,600 107,500 334,450 301,000 75,250 225,750 $ 560,200 Accounts payable Income taxen payable Bonde payable Common stock Retained earnings Total liabilities and stockholders' equity $ 68,800 53,400 129,000 150,500 122,200 $ 523,900 $ 122,200 71,500 107,500 129,000 130,000 $ 560,200 During the year, Ravenna paid a $12,900 cash dividend and it sold a piece of equipment for $6,450 that had originally cost $15,000 and had accumulated depreciation of $10,000. The company did not retire any bonds or repurchase any of its own common stock during the year. 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows? Net cash operating activities
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