2 Required information 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 Part 2 of 4 statement of cash flows. Its balance sheet for this year is as follows Ending Beginning Balance 121,800 95,900 Balance 146,550 103,400 Cash Accounts receivable Inventory Total current assets Property, plant, and equipment points 128,800 T7R50 367,450 339,000329,000 82,250 226,000 246,750 $ 614,200 346,500 eBook Less accumulated depreciation Net property, plant, and equipment Total assets 113, 000 References $572,500 Accounts payable Income taxes payable Bonds payable Common stoc)k Retained earnings $ 75,200 133,500 80,200 117,500 141,000 133,500 142,000 $ 614,200 58,300 141,000 164,500 Total liabilities and stockholders' equity $572,500 During the year, Ravenna paid a $14,100 cash dividend and it sold a piece of equipment for $7,050 that had originally cost $16,800 and had accumulated depreciation of $11,200. The company did not retire any bonds or repurchase any of its own common stock during the year