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Crane Company reported a net loss of $29000 for the year ended December 31, 2019. During the year, accounts receivable decreased $14500, Inventory increased $24500,

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Crane Company reported a net loss of $29000 for the year ended December 31, 2019. During the year, accounts receivable decreased $14500, Inventory increased $24500, accounts payable increased by $29000, and depreciation expense of $19500 was recorded. During 2019, operating activities used net cash of $9500 provided net cash of $9500 provided net cash of $24000. used net cash of $24000

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