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Required information [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the

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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: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Ending Balance Beginning Balance $ 93,800 $112,450 75,600 81,400 101,500 92,500 270,900 286,350 270,000 259,000 90,000 180,000 $ 450,900 $ 59,200 46,000 111,000 64,750 194,250 $ 480,600 $ 105,200 59,900 Bonds payable 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 14. What is the amount of gross cash inflows reported in the financing section of the company's statement of cash flows? Gross cash inflows

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