Net income is ($ 132,000), accounts payable increased ($ 10,000) during the year, inventory decreased ($ 6,000)

Question:

Net income is $\$ 132,000$, accounts payable increased $\$ 10,000$ during the year, inventory decreased $\$ 6,000$ during the year, and accounts receivable increased $\$ 12,000$ during the year. Under the indirect method, what is net cash provided by operating activities?

(a) $\$ 102,000$.

(c) $\$ 124,000$.

(b) $\$ 112,000$.

(d) $\$ 136,000$.

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