Accounting Practices

Kochyo purchases an inventory of spare parts on credit from its suppliers for $15,000. During the month Kochyo pays its suppliers $10,000 and sells spare parts (which cost the business $8,000) to its customers on credit for $20,000. Customers pay Kochyo $12,000 during the month.

3-4: Inventory increase by?

      [removed] $2,000
      [removed] $5,000
      [removed] $7,000
      [removed] $8,000
      [removed] $12,000

3-5: Payables increase by?
      [removed] $2,000
      [removed] $5,000
      [removed] $7,000
      [removed] $8,000
      [removed] $12,000

3-6: Receivables increases by?
      [removed] $2,000
      [removed] $5,000
      [removed] $7,000
      [removed] $8,000
      [removed] $12,000

3-7: Profit increases by?