Ending Balance Beginning Balance Cash and cash equivalents 56, 200 47,100 66,950 50,600 Accounts receivable Inventory 63,200 166, 500 171,000 57,500 175,050 161,000 Total current assets Property, plant, and equipment Less accumulated 57,000 40,250 depreciation Net property, plant, and equipment 114,000 120,750 Total assets 280, 500 295,800 Accounts payable Income taxes payable Bonds payable 36, 800 28,700 65,500 33,800 69, 000 80, 500 65, 500 57,500 69,000 70,000 Common stock Retained earnings Total liabilities and stockholders' equity 280, 500 295,800 During the year, Ravenna paid a $6,900 cash dividend and it sold a piece of equipment for $3,450 that had originally cost $7,200 and had accumulated depreciation of $4,800. The company did not retire any bonds or repurchase any of its own common stock during the year 7-a. What is the combined amount and direction (+ or -) of the inventory and accounts payable adjustments to net income in the operating activities section of the statement of cash flows? 7-b. What does this amount represent