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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

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
Cash and cash equivalents $ 102,000 $ 122,400
Accounts receivable 81,700 88,000
Inventory 109,700 100,000
Total current assets 293,400 310,400
Property, plant, and equipment 291,000 280,000
Less accumulated depreciation 97,000 70,000
Net property, plant, and equipment 194,000 210,000
Total assets $ 487,400 $ 520,400
Accounts payable $ 64,000 $ 113,700
Income taxes payable 49,700 65,700
Bonds payable 120,000 100,000
Common stock 140,000 120,000
Retained earnings 113,700 121,000
Total liabilities and stockholders equity $ 487,400 $ 520,400

During the year, Ravenna paid a $12,000 cash dividend and it sold a piece of equipment for $6,000 that had originally cost $13,800 and had accumulated depreciation of $9,200. The company did not retire any bonds or repurchase any of its own common stock during the year.

13. What is the companys net cash provided by (used in) investing activities?

14. What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?

15. What is the companys net cash provided by (used in) financing activities?

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