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: 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. If the company debited cost of goods sold and credited inventory for $ 680,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account? Purchases What is the total amount of the debits recorded in the Accounts Payable T-account during the year? Total amount of debits recorded What is the combined amount and direction (+ or-) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows? Amount If the company debited income tax expense and credited income taxes payable $1, 270 during the y ear what is the total amount of the debits recorded in the Income Taxes Payable account? Total amount of debits recorded 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? Amount