$1$

A company's income statement showed the following: net income, $$138,000$ and depreciation expense, $$34,200.$ The company's current assets and current liabilities showed the following changes: accounts receivable decreased $$10,800$; merchandise inventory increased $$20,800$; and accounts payable increased $$4,800.$ Calculate the net cash provided or used by operating activities.

Multiple Choice

$$132,000.$

$$177,400.$

$$135,800.$

$$167,000.$