Baxter Company reported a net loss of $13,000 for the year ended December 31. During the year, accounts receivable decreased by $5,000, merchandise inventory increased by $8,000, accounts payable increased by $10,000, and depreciation expense of $4,000 was recorded. During the year, operating activities; a. used net cash of $2,000b. provided net cash of $8,000c. provided net cash of $2,000d. used net cash of $8,000
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