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The Foundational 15 (Static) [LO13-1, LO13-2] [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: During the year, Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for $3,000 that had originally cost $6,000 and had accurnulated depreciation of $4.000. The company did not retire any bonds or repurchase any of its own common stock during the yeat. During the year. Ravenna paid a $6,000 cash dividend and it sold a piece of equipment for $3,000 that had originally cost $6.000 and had accumulated depreciation of $4,000. The company did not retire any bonds or repurchase any of its own common stock during the year Foundational 13-1 (Static) Required: 1. What is the amount of the net increase or decrease in cash and cash equivalents that would be shown on the company's statement of cash ffows