Monster Cookie Ltd.reported a loss of $12,000 for the year.During the year, accounts receivable decreased $5,000, merchandise inventory increased $4,000, accounts payable increased by $13,000, and depreciation expense of $7,000 was recorded.Using the indirect method, operating activities

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The net loss of $12,000 is adjusted by adding back non-cash depreciation of $7,000, adding the decrease in accounts receivable of $5,000, subtracting the increase in inventory of $4,000, and adding the increase in accounts payable of $13,000, resulting in net cash provided by operating activities of $9,000.