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: Cash Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Ending Beginning Balance Balance $ 93,800 $ 112,450 75,600 81,400 101,500 92,500 270,000 259,000 (90,000) (64,750) Total assets $ 450,900 $ 480,600 $ Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 59,200 $ 105,200 46,000 59,900 111,000 92,500 129,500 111,000 105,200 112,000 Total liabilities and stockholders' equity $ 450,900 $ 480,600 During the year Ravenna paid a $11,100 cash dividend and it sold a piece of equipment for $5,550 that had originally cost $12,600 and had accumulated depreciation of $8,400. The company did not retire any bonds or repurchase any of its own common stock during the year. Required: What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows? (Input the amount as positive value.) Net cash (Click to select) operating activities $ Klutz Dance Studio had net income of $181,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year: Decrease in accounts receivable Increase in accounts payable Increase in retained earnings Cash paid for purchase of new music equipment Depreciation expense $27,500 $14,500 $99,000 $23,500 $5,700 Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities? $105,500 $144,700 $210,900 O $228,700