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Required information [The following information applies to the questions displayed below.] Ravenna Company is a...

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Required information [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 $ 77,400 63,400 Beginning Balance Cash and cash equivalents 92,550 68,200 77,500 Accounts receivable Inventory 85,100 Total current assets 225,900 228,000 238,250 Property, plant, and equipment Less accumulated depreciation 217,000 76,000 152,000 54, 250 162,750 Net property, plant, and equipment Total assets 377,900 401,000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 49,600 38,600 93,000 88,200 48,300 77,500 93,000 94,000 108,500 88,200 Total liabilities and stockholders' equity 377,900 401,000 During the year, Ravenna paid a $9,300 cash dividend and it sold a piece of equipment for $4,650 that had originally cost $10,200 and had accumulated depreciation of $6,800. The company did not retire any bonds or repurchase any of its own common stock during the year. 3. What is the company's net cash provided by (useed in) investing activities? investing activities Net cash

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