Baxter Company reported a net loss of $17,307 for the year ended December 31. During the year, accounts receivable decreased by $4,929, merchandise inventory increased by $9,444, accounts payable increased by $9,422, and depreciation expense of $5,193 was recorded. During the year, operating activities under the indirect method a. used net cash of $17,307 Ob. provided net cash of $17,307 Oc. provided net cash of $7,207 Od. used net cash of $7,207