Prose Westgate Company hired an intern to help with year-end financial statement preparation. The intern is converting net income to cash flows from operating activities and is unsure how to treat some of the account changes. The intern noted that inventory decreased $12,000 during the year and accounts payable increased $48,000 during the year. What is the net adjustment to net income for these items with respect to the determination of cash flows from operating activities? A decrease of $60,000. (B) An increase of $36,000. (C) A decrease of $36,000. An increase of $60,000