Jake's Garage had a net loss of $$14,000$ last year, ending the year with a cash balance of $$7,000.$ Which of the following is true?

Responses

The business used $$14,000$ more cash than it took in during the year

The business used $$14,000$ more cash than it took in during the year

The cash balance at the beginning of the year was $$21,000$

The cash balance at the beginning of the year was $$21,000$

Retained earning have decreased by $$14,000$

Retained earning have decreased by $$14,000$

Accumulated depreciation has increased by $$7,000$