PR $1-6($LO $1-7)$ John Deere's $$4$ billion commercial and consumer equipment division implemented supply chain management software...

Required:

John Deere's $$4$ billion commercial and consumer equipment division implemented supply chain management software and reduced its inventory by $$500$ million. As sales continued to grow, the company has been able to keep its inventory growth flat.

$\backslash$table$[[$Questions$],[$Supply chain software allows a business to reduce which of the following balance sheet accounts?$],[$If the reduction in inventory reduces the need for warehouses for storing product, which income statement$],[$accounts would this affect?$]]$