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IThe following information applies to the questions displayed below] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section

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IThe 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 Beginning Balance S 126,600 S 152,250 107,800 122,500 360-900 382,550 343,000 85,750 Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment 100,000 134, 300 354 000 118, 000 236 000 Less accumulated depreciation Net property, plant, and equipment Total assets $ 596.900$ 639,800 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 78,400 139,200 83,100 122,500 147,000 148,000 60,800 147,000 171, 500 139 200 Total liabilities and stockholders equity596,900 s 639,800 During the year, Ravenna paid a $14,700 cash dividend and it sold a piece of equipment for $7,350 that had originally cost $17,400 and had accumulated depreciation of $11.600. The company did not retire any bonds or repprchase any of its own common stock during the year 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows

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