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i need help with my homework i dont understand it You received no credit for this question in the previous attempt Vies 3 Ravenna Company
i need help with my homework i dont understand it You received no credit for this question in the previous attempt Vies 3 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: Beginning 3 of 5 Balance Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 121,00 95,00 120,00 346,500 339,000 113,000 226,000 $572,500 146,550 103,400 117.500 362.450 329,000 82.250 246.250 $ 614,200 22.05.31 OK Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Habilities and stockholders equity $ 25,200 58,300 141,000 164,500 133, 500 $ 572,500 $ 133,500 38,200 117,500 141,000 142.000 $614,200 int During the year, Ravenna paid a $14,100 cash dividend and it sold a plece 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
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