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The Foundational 15 (Algo) [LO15-1, LO15-2] [The following information applies to the questions displayed below] Ravenna Company is a merchandiser that uses the indirect method

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The Foundational 15 (Algo) [LO15-1, LO15-2] [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: 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 year. Foundational 15-13 (Algo) 13. What is the company's net cash provided by (used in) investing activities

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