Baxter Company reported a net loss of $17,915 for the year ended December 31. During the year, accounts receivable decreased by $5,094, inventory increased by $8,342, accounts payable increased by $15,567, and depreciation expense of $6,823 was recorded. During the year, operating activities
a. used net cash of $17,915
b. used net cash of $1,227
c. provided net cash of $17,915
d. provided net cash of $1,227
