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

A company sells products on account, with payment due next month. A company uses electricity of $500, but will pay the bill next month. A company purchases inventory. v A company declares and pays dividends. A company pays an invoice for inventory received earlier in the month. v A company recognizes depreciation expense. A company provides services to a customer who paid in advance last month. A company pays employees for labor provided this month. A. Increase B. No effect C. Decrease