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 $ 69,200 $ 82,600 Accounts receivable 57,300 61,600 Inventory 76,900 70,000 Total current assets 203,400 214,200 Property, plant, and equipment 207,000 196,000 Less accumulated depreciation 69,000 49,000 Net property, plant, and equipment 138,000 147,000 Total assets $ 341,400 $ 361,200 Accounts payable $ 44,800 $ 79,700 Income taxes payable 34,900 42,500 Bonds payable 84,000 70,000 Common stock 98,000 84,000 Retained earnings 79,700 85,000 Total liabilities and stockholders equity $ 341,400 $ 361,200 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.

6-b.

What is the total amount of the debits recorded in the Accounts Payable T-account during the year?

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?

10.

Would the operating activities section of the companys statement of cash flows contain an adjustment for a gain or a loss? What would be the amount and direction ( + or ) of the adjustment?

11.	What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows