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

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[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 & cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Accounts payable Income taxes payable Bonds payable Common ck Retained earnings Total liabilities and stockholders' equity Ending Balance $ 52,800 45,100 60,500 158,400 165,000 55,000 110,000 $ 268,400 $ 35, 200 27,500 66,000 Beginning Balance $ 62,700 48,400 55,000 166, 100 154,000 38,500 115,500 $ 281,600 $ 62,700 30,900 55,000 66,000 67,000 $ 281,600 62,700 $ 268,400 During the year, Ravenna paid a $6,600 cash dividend and it sold a piece of equipment for $3,300 that had originally cost $6,600 and had accumulated depreciation of $4,400. The company did not retire any bonds or repurchase any of its own common stock during the year. 11. What is the amount of net cash provided by (used in) operating activities in the company's statement of cash flows? Net cash provided by operating activities $ 11,000

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