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Island Company reported a net loss of $15,000 for the year ended December 31, 2022. During the year, accounts receivable decreased $7,500, inventory increased $12,000,
Island Company reported a net loss of $15,000 for the year ended December 31, 2022. During the year, accounts receivable decreased $7,500, inventory increased $12,000, accounts payable increased by $15,000, and depreciation expense of $9,000 was recorded. During 2022, operating activities A used net cash of $4,500. B used net cash of $10,500. C provided net cash of $4,500. D provided net cash of $10,500
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