E12-11 (Static) Inferring Balance Sheet Changes from the Cash Flow Statement (Indirect Method L012-2 A recent statement of cash flows for Colgate-Palmolive reported the following information (dollars in millions): Source: Colgate-Palmolive Required: Based on the information reported on the statement of cash flows for Colgate-Palmolive, determine whether the following accounts increased or decreased during the period: Receivables, Inventories, Other Current Assets, and Payables