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	$	93,800	$	112,450
Accounts receivable		75,600		81,400
Inventory		101,500		92,500
Property, plant, and equipment		270,000		259,000
Less accumulated depreciation		(90,000)		(64,750)
Total assets	$	450,900	$	480,600
Accounts payable	$	59,200	$	105,200
Income taxes payable		46,000		59,900
Bonds payable		111,000		92,500
Common stock		129,500		111,000
Retained earnings		105,200		112,000
Total liabilities and stockholders equity	$	450,900	$	480,600

During the year Ravenna paid a $11,100 cash dividend and it sold a piece of equipment for $5,550 that had originally cost $12,600 and had accumulated depreciation of $8,400. The company did not retire any bonds or repurchase any of its own common stock during the year.

Required:

What is the companys net cash provided by (used in) investing activities? (Input the amount as positive value.)

Net cash ______________ investing activities_________________