Required information

$[$The following information applies to the questions displayed below.$]$

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:

$\backslash$table$[[,\backslash$table$[[$Ending$],[$Balance$]],\backslash$table$[[$Beginning$],[$Balance$]]],[$Cash & cash equivalents,$$80,800,$$$96,800],[$Accounts receivable,$65,400,70,400],[$Inventory$,87,800,80,000],[$Total current assets,$234,000,247,200],[$Property$,$ plant, and equipment,$234,000,224,000],[$Less accumulated depreciation,$78,000,56,000],[$Net property, plant, and equipment,$156,000,168,000],[$Total assets,$$390,000,$$$415,200],[$Accounts payable,$$51,200,$$$91,000],[$Income taxes payable,$39,800,51,200],[$Bonds payable,$96,000,80,000],[$Common stock,$912,000,96,000],[$Retained earnings,$91,000,97,000],[$Total liabilities and stockholders' equity,$$390,000,$$$415,200]]$

During the year, Ravenna paid a $$9,600$ cash dividend and it sold a piece of equipment for $$4,800$ that had originally cost $$10,800$ and had accumulated depreciation of $$7,200.$ The company did not retire any bonds or repurchase any of its own common stock during the year.

$11.$ What is the amount of net cash provided by $($used in$)$ operating activities in the company's statement of cash flows?

Net cash

operating activities