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	$	118,400	$	142,300
Accounts receivable		93,900		101,200
Inventory		126,100		115,000
Total current assets		338,400		358,500
Property, plant, and equipment		333,000		322,000
Less accumulated depreciation		111,000		80,500
Net property, plant, and equipment		222,000		241,500
Total assets	$	560,400	$	600,000
Accounts payable	$	73,600	$	130,700
Income taxes payable		57,100		77,300
Bonds payable		138,000		115,000
Common stock		161,000		138,000
Retained earnings		130,700		139,000
Total liabilities and stockholders equity	$	560,400	$	600,000

During the year, Ravenna paid a $13,800 cash dividend and it sold a piece of equipment for $6,900 that had originally cost $16,200 and had accumulated depreciation of $10,800. The company did not retire any bonds or repurchase any of its own common stock during the year.

1.What is the amount and direction (+ or ) of the accounts receivable adjustment to net income in the operating activities section of the statement of cash flows? 2.If the company debited cost of goods sold and credited inventory for $920,000 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? 3.What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 4.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? 5.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? 6.What is the amount of net cash provided by (used in) operating activities in the companys statement of cash flows? 7.What is the amount of gross cash outflows reported in the investing section of the companys statement of cash flows? 8.What is the companys net cash (used in) investing activities? 9.What is the companys net cash provided by financing activities?