1.	What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the companys statement of cash flows?
2.	What net income would the company include on its statement of cash flows?
3.	How much depreciation would the company add to net income on its statement of cash flows?
4.	If the company debited Accounts Receivable and credited Sales for $1,320,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the yea

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 recelvable Inventory Ending Beginning Balance Balance $ 80,800 $ 96,800 65.400 70,400 87,800 80,000 Total current assets 234,000 247,200 Property, plant, and equipment 234,000 224,000 78,000 56,000 Less accumulated depreclation Net property. plant, and equipment Total assets 156,000 168,000 $390,000 $415,200 Accounts payable Income taxes payable Bonds payable Common stock Retalned earnings $ 51,200 $ 91,000 39,800 51200 96,000 80,000 112,000 96,000 91,000 97,000 Total labillties and stockholders' equity $390,000 $415,200 During the year, Ravenna pald a $9,600 cash dividend and It sold a plece of equipment for $4,800 that had orlginally cost $10,800 and had accumulated depreclation of $7,200. The company did not retire any bonds or repurchase any of its own common stock durlng the year