E12-11 Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) [LO 1 Colgate-Palmolive was founded in 1806. Its statement of cash flows reported the following information (in millions) for the year ended December 31, 2012 Operating Activities $2,630 Net Income Depreciation Cash Effect of Changes in 425 20 (20) 150 $3,200 Inventory Accounts Payable Other Net Cash Provided by Operations Required: Based on the information reported in the operating activities section of the statement of cash flows for Colgate-Palmolive, indicate whether the following accounts increased or decreased during the period: Account Change Accounts Receivable Inventory Accounts Payable