The Foundational 15 [LO14-1, LO14-2] [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: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 69,200 57,300 76,900 203,400 2e7,00 69,600 138,600 $ 341,400 Beginning Balance $ 82,600 61,600 70,000 214,200 196,800 49,00 147,000 $361,200 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 44,800 34,900 84,800 98,00 79,700 $ 341,400 $ 79,700 42,500 70,000 84,800 85,000 $ 361,200 During the year, Ravenna pald a $8,400 cash dividend and It sold a plece of equipment for $4,200 that had originally cost $9,000 and had accumulated depreciation of $6,000. The company did not retire any bonds or repurchase any of its own common stock during the year. Foundational 14-1 Required: 1. What is the amount of the net Increase or decrease in cash and cash equivalents that would be shown on the company's statement of cash flows? Net in cash and cash equivalents Required Information The Foundational 15 [LO14-1, LO14-2] [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: Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 69,200 57,300 76,900 203,400 2e7, 69,000 138,000 $ 341,400 Beginning Balance $ 82,600 61,600 70,000 214,200 196,00 49,00 147,000 $361,200 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 44,800 34,900 84, eee 98,00 79,700 $ 341,400 $ 79,700 42,500 70,000 84,800 85,000 $ 361,200 During the year, Ravenna pald a $8,400 cash dividend and it sold a plece of equipment for $4,200 that had originally cost $9,000 and had accumulated depreciation of $6,000. The company did not retire any bonds or repurchase any of its own common stock during the year. Foundational 14-3 13. How much depreciation would the company add to net Income on its statement of cash flows? Depreciation