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 Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Ending Balance $ 118,400 93,900 126, 100 338,400 333,000 111,000 222,000 $ 560,400 Beginning Balance $ 142, 300 101,200 115,000 358,500 322,000 80,500 241, 500 $ 600,000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders, Moquity $ 73,600 57,100 138,000 161,000 130,700 $ 560,400 $ 130,700 77,300 115,000 138,000 139,000 $ 600,000 During the year, Ravenna paid a $13,800 cash dividend and it sold a piece of equipment for $6,900 that had originally cost $16,200 and had accumulated depreciation of $10,800. 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