Calculator Baxter Company reported a net loss of $17,905 for the year ended December 31. During the year, accounts receivable decreased by $4,652, merchandise inventory increased by $11,265, accounts payable increased by $8,163, and depreciation expense of $4,839 was recorded. During the year, operating activities under the indirect method a. provided net cash of $17,905 b. used net cash of $11,516 c. provided net cash of $11,516 d. used net cash of $17,905 The net income reported on the income statement for the current year was $284,336. Depreciation recorded on fixed assets and amortization of patents for the year were $36,773 and $11,585, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $43,783 $63,926 Accounts Receivable 127,906 100,691 Inventories 107,399 94,288 Prepaid Expenses 2,022 6,312 Accounts Payable (merchandise creditors) 48,700 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect method? a $278.529 b. $292,366 c. $369,217 d. $284,601 66.829