The section on cash from operating activities in the statement of cash flows for Marismo Services contained the following information:
Operating Activities
Net income .............. $260,000
Depreciation ............... 15,000
Changes in current assets and liabilities
Accounts receivable ............ 16,000
Inventories .............. (17,000)
Other current assets ............ 8,200
Accounts payable ............ 13,000
Short-term notes payable .......... (7,000)
Income taxes payable ............ 8,000
Other current liabilities .......... 5,000
Net cash provided by operating activities ... $301,200

Required
For each of the current asset and liability accounts indicated in the operating portion of the statement of cash flows, determine whether the account increased or decreased during the year.