7. Adam Company reported a net loss of $6,000 for the year ended December 31, 2016. During the year, accounts receivable increased $15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2016, operating activities a. used net cash of $17,000. b. used net cash of $29,000. c. provided net cash of $24,000. d. provided net cash of $21,000