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TIT 3 Check my work 3 of 15 The following information applies to the questions displayed below) Ravenna Company is a merchandiser that uses the

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TIT 3 Check my work 3 of 15 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 Beginning Balance Balance Cash $ 113,600 $ 136,600 Accounts receivable 89,800 96.160 Inventory 120,600 110,000 Total current assets 324.000 343400 Property, plant, and equipment 310,000 300,000 Less accumulated depreciation 106,000 22.000 Net property, plant, and equipment 212,000 231,000 Total assets $ 536,000 $ 574,400 ook int onces Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders equity $ 70,400 54,600 132,000 154,000 125.000 5 536,000 $ 125,000 74,400 110.000 132,000 133,000 $574,400 During the year, Ravenna pald a $13,200 cash dividend and it sold a piece of equipment for $6,600 that had originally cost $15,600 and had accumulated depreciation of $10,400. The company did not retire any bonds or repurchase any of its own common stock during the year 13. What is the company's net cash provided by (used in) investing activities

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