For each event on the left, indicate the effect on Net Income (increase, decrease, no effect).

- A. B. C.	A company sells products on account, with payment due next month.
- A. B. C.	A company uses electricity of $500, but will pay the bill next month.
- A. B. C.	A company purchases inventory.
- A. B. C.	A company declares and pays dividends.
- A. B. C.	A company pays an invoice for inventory received earlier in the month.
- A. B. C.	A company recognizes depreciation expense.
- A. B. C.	A company provides services to a customer who paid in advance last month.
- A. B. C.	A company pays employees for labor provided this month.

A.	Decrease
B.	Increase
C.	No effect.