Chapter 13, Problem 12F15

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 my of its own common stock during the year.
Require:
12. What is the amount of gross cash outflows reported in the investing section of the company’s statement of cash flows?