Chapter 13, Problem 13F15

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:

During the year, Ravenna paid a $6000 cash dividend and it sold a piece of equipment for $3,000 that had accumulated depreciation cost $6,000 and had accumulated depreciation of $4,000. The company did not retire my bonds a repurchase any of its own common stock during the year.
Required:
13. What is the company’s net cash provided by (used in) investing activities?