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First National Eatery prepares its statement of cash flows using the indirect method. The statement reported that cash provided by operating activities for the year
First National Eatery prepares its statement of cash flows using the indirect method. The statement reported that cash provided by operating activities for the year was $7,000. If the company experienced a $14,000 decrease in accounts receivable, a $13,000 decrease in accounts payable, and a $4,000 increase in inventory during the year, how much is the companys net income/(loss) for the year?
Group of answer choices
($3,000)
$4,000
($16,000)
$2,000
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