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 Cash $130,000 $156,500 Accounts receivable 102,000 110,000 Inventory 137,000 125,000 Total current assets 369,000 391,500 Property, plant, and equipment 360,000 350,000 Less accumulated depreciation 120,000 87,500 Net property, plant, and equipment 240,000 262,500 Total assets $609,000 $654,000 Accounts payable $80,000 $142,000 Income taxes payable 62,000 86,000 Bonds payable 150,000 125,000 Common stock 175,000 150,000 Retained earnings 142,000 151,000 Total liabilities and stockholders’ equity $609,000 $654,000 During the year, Ravenna paid a $15,000 cash dividend and it sold a piece of equipment for $7,500 that had originally cost $18,000 and had accumulated depreciation of $12,000. The company did not retire any bonds or repurchase any of its own common stock during the year.

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?