Ravenna Company is a merchandiser using 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 $$8,700$ cash dividend and sold a piece of equipment for $$4,350$ that originally cost

$$9,600$ and had accumulated depreciation of $$6,400.$ The company did not retire any bonds or repurchase any of its own

common stock during the year.

How much depreciation would the company add to net income on its statement of cash flows?