Please give me the steps. Thank you

3. Adam Company reported a net loss of $6,000 for the year ended December 31, 2016. During the year, accounts receivable increased S15,000, merchandise inventory decreased $12,000, accounts payable decreased by $20,000, and depreciation expense of $12,000 was recorded. During 2016, operating activities used net cash of $17,000. b.used net cash of $29,000. provided net cash of $24,000 provided net cash of $21,000. 4. The net income reported on the income statement for the current year was $245,000. Depreciation was $40,000. Account receivable and inventories decreased by $12,000 and S35,000, respectively. Prepaid expenses and accounts payable increased respectively, by $1,000 and $8,000. How much cash was provided by operating activities? a. $296,000 b. $339,000 c. $323,000 d. $311,000