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. 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? 9-b. What does this adjustment represent? Tax paid < Income tax expenses No taxes are payable Tax paid > Income tax expenses 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? . What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows?. What is the amount of gross cash outflows reported in the investing section of the companys statement of cash flows? What is the companys net cash provided by (used in) investing activities?. What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?. What is the companys net cash provided by (used in) financing activities?