Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,270, and the accumulated depreciation on these fixtures is $6,781 at the time of sale. The fixtures are sold for $4,312. The value of this transaction in the investing section of the statement of cash flows is

a.$4,312

b.$12,270

c.$6,781

d.$14,739

Baxter Company reported a net loss of $15,378 for the year ended December 31. During the year, accounts receivable decreased by $5,232, merchandise inventory increased by $11,837, accounts payable increased by $8,623, and depreciation expense of $4,626 was recorded. During the year, operating activities under the indirect method

a.provided net cash of $8,734

b.used net cash of $15,378

c.used net cash of $8,734

d.provided net cash of $15,378