Based only on the information below, how much does Net Income increase (or decrease) during the year? A company begins the year with an accounts receivable balance of $60,000. They collect 75% of the accounts receivable balance in cash. The company purchases inventory for $1,000 on account.. The company uses supplies during the year valued at $3,000. The company sells inventory for $5,000, collecting half in cash and the rest on account. The inventory sold cost $600. The company pays dividends of $1,900. The company pays for half of the inventory purchased above. [Enter an increase as a positive number and a decrease as a negative number]