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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

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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 for this year is as follows: Ending Beginning Balance Balance Cash $ 105,400 $ 126,650 Accounts receivable 83,700 90,200 Inventory 112,400 102,500 Property, plant, and equipment 297,000 287,000 Less accumulated depreciation (99,000) (71,750) Total assets $499,500 $534,600 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 65,600 $ 116,500 50.900 68,600 123.000 102.500 143,500 123.000 116.500 124.000 Total liabilities and stockholders' equity $499.500 $534,600 During the year Ravenna paid a $12,300 cash dividend and it sold a piece of equipment for $6,150 that had originally cost $14,400 and had accumulated depreciation of $9,600. The company did not retire any bonds or repurchase any of its own common stock during the year. Required: What is the company's net cash provided by (used in) investing activities? (Input the amount as positive value.) Not cash Investing activities

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