A recent statement of cash flows for Lamett Company reported the following information:

Based on the information presented in the statement of cash flows for Lamett ­Company, determine whether the following accounts increased or decreased during the period: ­Accounts Receivable, Inventory, Other Current Assets, Accounts Payable, and Other ­Current Liabilities.

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Net income 2 Adjustments to reconcile net income to cash basis: Depreciation expense Accounts receivable Inventory Other current assets Accounts payable Other current liabilities Total reconciling adjustments 10 Net cash provided by operating activities 11 451,900 63,000 28,000 (17,000) (18,000) 198,000 262,500 714,400