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 $ 97,200 77,600 104,200 279,000 276,000 92,000 184,000 $ 463,000 Beginning Balance $ 116,700 83,600 95,000 295,300 266,000 66,500 199,500 $ 494,800 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 60,800 47,200 114,000 133,000 108,000 $ 463,000 $ 108,000 62,800 95,000 114,000 115,000 $ 494,800 During the year, Ravenna paid a $11,400 cash dividend and it sold a piece of equipment for $5,700 that had originally cost $13,200 and had accumulated depreciation of $8,800. 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? 9-6. What does this adjustment represent? Complete this question by entering your answers in the tabs below. Reg 9A Reg 9B What is the amount and direction + or -1 of the income taxes navable adiustment to net income in the operating activities 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? Complete this question by entering your answers in the tabs below. Reg 9A Reg 98 What is the amount and direction (+ or --) of the income taxes payable adjustment to not Income in the operating activitles section of the statement of cash flows? Amount HA Req9B> 9-a. What is the amount and direction (+ or -) of the income taxes payable adjustment to net income in the operating of the statement of cash flows? 9-b. What does this adjustment represent? Complete this question by entering your answers in the tabs below. Req 9A Req 98 What does this adjustment represent? Tax paid Income tax expenses No taxes are payable