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View 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 Accounts receivable Inventory Tot current assets Prop by, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 121,800 95,900 128,800 346,500 339,000 113,000 226,000 $ 572 500 Beginning Balance $ 146,550 103,400 117,560 367.450 329,000 82,250 246,250 $ 614,200 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 75,200 58,300 141,000 164,500 133,500 $ 572,500 $ 133,500 80,200 117,500 141,080 142.000 $ 614,200 During the year, Ravenna paid a $14,100 cash dividend and it sold a piece of equipment for $7,050 that had originally cost $16.800 and had accumulated depreciation of $11,200. The company did not retire any bonds or repurchase any of its own common stock during the year. BE You received no credit for this question in the previous attempt. unty , PUUUUUUUUUUUU MLLMILY CLIMUUMIM VIY $16,800 and had accumulated depreciation of $11,200. The company did not retire any bonds or repurchase any of it own common stock during the year. Foundational 15-12 (Algo) 12. What is the amount of gross cash outflows reported in the investing section of the company's statement of cash flows? Gross cash outflows $ 4,150