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 Ending Balance Beginning Balance Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment $ 105,400 $ 126,65e 90,200 102,500 319,350 287,000 71,75e 215,250 $ 499,500 534,606e 83,700 112,400 301,500 297,000 99,900 198,000 Less accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Bonds payable Common stock Retained earning:s Total liabilities and stockholders equity 65,600 50,900 123,000 143,500 116,500 499,see 116,500 68,600 102,500 123,000 124,000 534, 6ee $ During the year, Ravenna paid a $12,300 cash dividend and it sold a piece of equipment for $6,150 that had originally cost $14,400 and had accumulated depreciation of $9,600. The company did not retire any bonds or repurchase any of its own common stock during the yean 6-a. If the company debited cost of goods sold and credited inventory for $820,000 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? 6-b. What is the total amount of the debits recorded in the Accounts Payable T-account during the year? 6-C. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C If the company debited cost of goods sold and credited inventory for $820,000 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 Req 6A Req 6B Req 6C What is the total amount of the debits recorded in the Accounts Payable T-account during the year? Total amount of debits recorded Req 6A Req 6B Req 6C What does the amount of these debits rep Sales Purchases OSupplier payments Cash collections 7-a. 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? 7-b. What does this amount represent? Complete this question by entering your answers in the tabs below. Req 7A Req 7B 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? mount What does this amount represent? Cash paid to suppliers > Purchases Cash paid to suppliers Cost of goods sold 8-a. If the company debited income tax expense and credited income taxes payable $1,540 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? 8-b. What does the amount of these debits represent? Complete this question by entering your answers in the tabs below. Req 8A Req 8B If the company debited income tax expense and credited income taxes payable $1,540 during the year, what is the total amount of the debits recorded in the Income Taxes Payable account? Total amount of debits recorded Req 8A Req 8E What does the amount of these debits represent? OTaxes payable Tax refunds Cash paid for income taxes 9-a. 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? 9-b. What does this adjustment represent? Complete this question by entering your answers in the tabs below. Req 9A Req 9B 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 Req 9A Req 9B What does this adjustment represent? Tax paid Income tax expenses ONo taxes are payable 10. Would the operating activities section of the company's statement of cash flows contain an adjustment for a gain or a loss? What would be the amount and direction+or - of the adjustment? 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 12. What is the amount of gross cash outflows reported in the investing section of the company's statement of cash flows? Gross cash outflows 13. What is the company's net cash provided by (used in) investing activities? Net cash investing activities 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 15. What is the company's net cash provided by (used in) financing activities? Net cash financing activities