Required information

The Foundational $15($Algo$)[$LO$13-1,$ LO$13-2,$ LO$13-3,$ LO$13-4,$ LO$13-5]$

$[$The following information applies to the questions displayed below.$]$

Ravenna Company is a merchandiser using 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 $\backslash (\backslash$$ $6,900\backslash )$ cash dividend and sold a piece of equipment for $\backslash (\backslash$$ $3,450\backslash )$ that originally cost $\backslash (\backslash$$ $7,200\backslash )$ and had accumulated depreciation of $\backslash (\backslash$$ $4,800\backslash ).$ The company did not retire any bonds or repurchase any of its own common stock during the year. $11.$ What is the company's net cash provided by $($used in$)$ operating activities?

Net cash

operating activities