The net income reported on the income statement for the current year was $250,000. Depreciation recorded on fixed assets totaled $49,000. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:

End Beginning

Cash $50,000 $ 60,000

Accounts receivable 112,000 108,000

Inventories 105,000 93,000

Prepaid expenses 4,500 6,500

Accounts payable (merchandise creditors) 75,000 89,000

What would be listed for Inventories under the operating activities of the statement of cash flows?

Decrease in Inventories, +12,000

Decrease in Inventories, -$12,000

Increase in Inventories, +$12,000

Increase in Inventories, -$12,000