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Baxter Company reported a net loss of $17,824 for the year ended December 31. During...

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Accounting

Baxter Company reported a net loss of $17,824 for the year ended December 31. During the year, accounts receivable decreased by $4,482, merchandise inventory increased by $10,976, accounts payable increased by $8,696, and depreciation expense of $4,470 was recorded. During the year, operating activities under the indirect method

a. used net cash of $11,152

b. provided net cash of $17,824

c. provided net cash of $11,152

d. used net cash of $17,824

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