Examine the following cash from operations section of Comox Ltd. and determine whether the asset and liability accounts shown increased or decreased during the year.

Comox Ltd.

Cash from Operations

For the year ended December 31, 2018

(000)

Net income……………………………          $1,980

Depreciation……………………………             274

Loss on sale of equipment………………      35

Changes in working capital accounts

Accounts receivable……………………           62

Inventories……………………………                (74)

Accounts payable and accrued liabilities  51

Wages payable……………………………            (18)

Other current assets………………                 (11)

Cash from operations…………………   $2,299