Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities...

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Accounting

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 $ 89,000 $ 106,750
Accounts receivable 71,500 77,000
Inventory 96,000 87,500
Total current assets 256,500 271,250
Property, plant, and equipment 255,000 245,000
Less accumulated depreciation 85,000 61,250
Net property, plant, and equipment 170,000 183,750
Total assets $ 426,500 $ 455,000
Accounts payable $ 56,000 $ 99,500
Income taxes payable 43,500 57,000
Bonds payable 105,000 87,500
Common stock 122,500 105,000
Retained earnings 99,500 106,000
Total liabilities and stockholders equity $ 426,500 $ 455,000

During the year, Ravenna paid a $10,500 cash dividend and it sold a piece of equipment for $5,250 that had originally cost $12,000 and had accumulated depreciation of $8,000. The company did not retire any bonds or repurchase any of its own common stock during the year.

13. What is the companys net cash provided by (used in) investing activities?

14. What is the amount of gross cash inflows reported in the financing section of the companys statement of cash flows?

15. What is the companys net cash provided by (used in) financing activities?

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