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	$	110,200	$	132,350
Accounts receivable		87,800		94,600
Inventory		117,900		107,500
Total current assets		315,900		334,450
Property, plant, and equipment		312,000		301,000
Less accumulated depreciation		104,000		75,250
Net property, plant, and equipment		208,000		225,750
Total assets	$	523,900	$	560,200
Accounts payable	$	68,800	$	122,200
Income taxes payable		53,400		71,500
Bonds payable		129,000		107,500
Common stock		150,500		129,000
Retained earnings		122,200		130,000
Total liabilities and stockholders equity	$	523,900	$	560,200

During the year, Ravenna paid a $12,900 cash dividend and it sold a piece of equipment for $6,450 that had originally cost $15,000 and had accumulated depreciation of $10,000. The company did not retire any bonds or repurchase any of its own common stock during the year.

11.

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 effect of the adjustment?

11.

What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows?

12.

What is the amount of gross cash outflows reported in the investing section of the companys statement of cash flows?

13.

What is the companys net cash provided by (used in) investing activities?

14.

What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?

15.	What is the companys net cash provided by (used in) financing activities?