Multiple Choice Question 111

Blue Spruce Corp. reported a net loss of $12000 for the year ended December 31, 2017. During the year, accounts receivable decreased $6000, inventory increased $9600, accounts payable increased by $12000, and depreciation expense of $7200 was recorded. During 2017, operating activities

provided net cash of $3600.

provided net cash of $8400.

used net cash of $3600.

used net cash of $8400.