E12-12 Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method) [LO 12-2]

A statement of cash flows contained the following information:

Operating Activities
Net Income	$	14,013
Depreciation		1,027
Changes in Current Assets and Current Liabilities
Accounts Receivable		(2,142	)
Inventory		596
Accounts Payable		6,307
Accrued Liabilities		(1,217	)
Net Cash Provided by Operations	$	18,584

Required:

For each of the four current asset and liability accounts listed in the operating activities section of the statement of cash flows, determine whether the following accounts increased or decreased during the period: