18. In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income	$	60,000
Accounts payable decreased by		22,000
Accounts receivable increased by		29,000
Inventories increased by		9,000
Depreciation expense		38,000

Net cash provided by operating activities was:

Multiple Choice

• $60,000.

• $82,000.

• $38,000.

• $100,000.

• $64,000.