[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: Ending Balance Beginning Balance $ 13 96.800 Cash and cash uivalents S 89.800 receiv 120,600 110,000 Inventory Total current assets 324,000 343,400 Property, plant, and equipment Less accumulated depreciation 318,000 106,000 308,000 77,000 231,000 Net property, plant, and equipment 212,000 $ 536,000 574,400 Total assets $ 125,000 $ 70,400 Accounts payable Income taxes payable 54,600 132,000 154,000 125,000 74,400 Bonds payable Common stock Retained earnings 110,000 132,000 133,000 Total liabilities and stockholders' equity 536,000 574,400 During the year, Ravenna paid a $13,200 cash dividend and it sold a piece of equipment for $6,600 that had originally cost $15,600 and had accumulated depreciation of $10,400. The company did not retire any bonds or repurchase any of its own common stock during the year 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 flows? Net n cash and cash equivalents