What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the companys statement of cash flows, What net income would be company include on its statement of cash flows, how much depreciation would the company add to net income on its statement of cash flows, if the company debited Accounts Receivable and credited Sales for $1,440,000 during the year, what is the total amount of credits recorded in Accounts Receivable during the year? What is the amount and direction (+ or ) of the accounts receivable adjustment to net income in the operating activities section of the statement of cash flows? If the company debited cost of goods sold and credited inventory for $1,000,000 during the year, what is the total amount of inventory purchases recorded on the debit side of the Inventory T-account and the credit side of the Accounts Payable T-account?

[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 Accounts receivable Inventory Ending Beginning Balance Balance $ 130,000 $156,500 102,000 110,000 137,000 125,000 Total current assets 369,000 391,500 Property, plant, and equipment Less accumulated depreciation 360,000 120,000 350,000 87,500 262,500 Net property, plant, and equipment 240,000 Total assets $609,000 $654,000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 80,000 $ 142,000 62,000 86,000 150,000 125,000 175,000 150,000 142,000 151,000 Total liabilities and stockholders' equity $609,000 $654,000 During the year, Ravenna paid a $15,000 cash dividend and it sold a piece of equipment for $7,500 that had originally cost $18,000 and had accumulated depreciation of $12,000. The company did not retire any bonds or repurchase any of its own common stock during the year