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	$ 85,600	$ 102,500
Accounts receivable	69,500	74,800
Inventory	93,300	85,000
Total current assets	248,400	262,300
Property, plant, and equipment	249,000	238,000
Less accumulated depreciation	83,000	59,500
Net property, plant, and equipment	166,000	178,500
Total assets	$ 414,400	$ 440,800
Accounts payable	$ 54,400	$ 96,700
Income taxes payable	42,300	54,100
Bonds payable	102,000	85,000
Common stock	119,000	102,000
Retained earnings	96,700	103,000
Total liabilities and stockholders equity	$ 414,400	$ 440,800

During the year, Ravenna paid a $10,200 cash dividend and it sold a piece of equipment for $5,100 that had originally cost $11,400 and had accumulated depreciation of $7,600. The company did not retire any bonds or repurchase any of its own common stock during the year.

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?