Baxter Company reported a net loss of $17,488 for the year ended December 31. During the year, accounts receivable decreased by $4,848, merchandise inventory increased by $9,468, accounts payable increased by $8,937, and depreciation expense of $4,813 was recorded. During the year, operating activities under the indirect method

a. provided net cash of $8,358

b. provided net cash of $17,488

c. used net cash of $8,358

d. used net cash of $17,488