For the following transactions for Lululemon determine if total liabilities increase, decrease, or stay the same? Lululemon receives cash from a customer. The customer had previously purchased shorts on account from Lululemon and was now paying of their balance due to Lululemon/ Lululemon sells shorts for $80 and the customer pays by using a gift card. The cost of inventory was $50 per short/ Lululemon pays $5,000 to pay off a long-term note payable.

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