Question: You are given the following information for Thrice Corp.: Decrease in inventory $ 550 Decrease in accounts payable 225 Increase in notes payable 210 Increase

You are given the following information for Thrice Corp.:

Decrease in inventory $ 550
Decrease in accounts payable 225
Increase in notes payable 210
Increase in accounts receivable 240

1) Did cash go up or down? By how much?

2) Classify each event as a source or use of cash.

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