Multiple Choice Question 111

Sheffield Corp. reported a net loss of $14100 for the year ended December 31, 2017. During the year, accounts receivable decreased $7050, inventory increased $11280, accounts payable increased by $14100, and depreciation expense of $8460 was recorded. During 2017, operating activities

used net cash of $4230.

used net cash of $9870.

provided net cash of $4230.

provided net cash of $9870.