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-a. If the company debited Accounts Receivable and credited Sales for $1,380,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? 4-b. What does the amount of these credits represent?

6-a. If the company debited cost of goods sold and credited inventory for $940,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account?

6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year?

Required information The tollowing information applies to the questions displayed below.j 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 Ending Balance $ 121,800 Beginning Balance $ 146,550 103,400 128,800 117,500 346,500367,450 329,000 82,250 Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment 95,900 339,000 113,000 Less accumulated depreciation Net property, plant, and equipment Total assets 226,000246 750 $ 572,500 614,200 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total 1iabilities and stockholders' equity $ 75,200 133,500 80,200 117,500 141,000 142,000 614,200 58,300 141,000 164,500 133,500 572,500 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