*All are part of one comprehensive problem

Required information The Foundational 15 (Algo) [LO13-1, LO13-2] [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: During the year, Ravenna paid a $8,400 cash dividend and it sold a piece of equipment for $4,200 that had originally cost $9,000 and had accumulated depreciation of $6,000. The company did not retire any bonds or repurchase any of its own common stock during the year. common stock during the year. Foundational 13-6 (Algo) 6-a. If the company debited cost of goods sold and credited inventory for $560,000 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? 6b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-c. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. If the company debited cost of goods sold and credited inventory for $560,000 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 Taccount? common stock during the year. Foundational 13-8 (Algo) 8-a. If the company debited income tax expense and credited income taxes payable $1,030 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 8-b. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. If the company debited income tax expense and credited income taxes payable $1,030 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 9-a. What is the amount and direction (+ or - ) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows? 9-b. What does this adjustment represent? Complete this question by entering your answers in the tabs below. What is the amount and direction ( + or - ) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows? 7-a. What is the combined amount and direction (+ or - ) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows? 7-b. What does this amount represent? Complete this question by entering your answers in the tabs below. What is the combined amount and direction (+ or -) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows? Required information The Foundational 15 (Algo) [LO13-1, LO13-2] [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: During the year, Ravenna paid a $8,400 cash dividend and it sold a piece of equipment for $4,200 that had originally cost $9,000 and had accumulated depreciation of $6,000. The company did not retire any bonds or repurchase any of its own common stock during the year. common stock during the year. Foundational 13-6 (Algo) 6-a. If the company debited cost of goods sold and credited inventory for $560,000 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? 6b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-c. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. If the company debited cost of goods sold and credited inventory for $560,000 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 Taccount? common stock during the year. Foundational 13-8 (Algo) 8-a. If the company debited income tax expense and credited income taxes payable $1,030 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 8-b. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. If the company debited income tax expense and credited income taxes payable $1,030 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 9-a. What is the amount and direction (+ or - ) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows? 9-b. What does this adjustment represent? Complete this question by entering your answers in the tabs below. What is the amount and direction ( + or - ) of the income taxes payable adjustment to net income in the operating activities section of the statement of cash flows? 7-a. What is the combined amount and direction (+ or - ) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows? 7-b. What does this amount represent? Complete this question by entering your answers in the tabs below. What is the combined amount and direction (+ or -) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows