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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

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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 Depreciation Changes in Current Assets and Current Liabilities $14,013 1,027 Accounts Receivable Inventory Accounts Payable Accrued Liabilities 596 6,307 (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 Account Change Accounts Receivable Inventory Accounts Payable Accrued Liabilities

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