Sheridan Company reported a net loss of $10080 for the year ended December 31, 2022. During the year, accounts receivable decreased $23520, inventory increased $16800, accounts payable increased by $25200, and depreciation expense of $20160 was recorded. During 2022, operating activities

used net cash of $42000.

used net cash of $11760.

provided net cash of $62160.

provided net cash of $42000.