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 Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 113,600 89,800 120,600 324,000 318,000 106,000 212,000 $ 536,000 Beginning Balance $ 136,600 96,800 110,000 343,400 308,000 77,000 231,000 $ 574,400 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 70,400 54,600 132,000 154,000 125,000 $ 536,000 $ 125,000 74,400 110,000 132,000 133,000 $ 574,400 During the year, Ravenna paid a $13,200 cash dividend and it sold a piece of equipment for $6,600 that had originally cost $15,600 and had accumulated depreciation of $10,400. The company did not retire any bonds or repurchase any of its own common stock during the year. 3. How much depreciation would the company add to net income on its statement of cash flows? Depreciation