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answer 13&14 its 2 parts of 1 question please Saved Help [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser
answer 13&14 its 2 parts of 1 question please Saved Help [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: Ending Balance $ 80,800 65,400 Beginning Balance $ 96,800 Cash Accounts receivable Inventory 87,800 70,400 80,000 247,200 Total current assets 234,000 Property, plant, and equipment 234,000 M 224,000 78,000 Less accumulated depreciation Net property, plant, and equipment Total assets 156,000 56,000 168,000 $ 390,000 $ 415,200 Accounts payable $ 91,000 $ 51,200 39,800 51,200 Income taxes payable Bonds payable 96,000 Common stock 112,000 91,000 80,000 96,000 97,000 Retained earnings Total liabilities and stockholders' equity $ 390,000 $ 415,200 During the year, Ravenna paid a $9,600 cash dividend and it sold a piece of equipment for $4,800 that had originally cost $10,800 and had accumulated depreciation of $7,200. The company did not retire any bonds or repurchase any of its own common stock during the year. Foundational 15-13 (Algo) 13. What is the company's net cash provided by (used in) investing activities? Foundational 15-14 (Algo) 14. What is the amount of gross cash inflows reported in the financing section of the company's statement of cash flows
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