20. Jason Conpany reported net income for 202 in the amount of $360,000. The company's financial statements also included the following:

Increase in accounts receivable - 48,000

Decrease in inventory - 32,000

Increase in accounts payable - 108,000

Depreciation expense - 60,000

Gain on sale of land - 20,000

What is the net cash provided by operating activities under the INDIRECT method?

1. 512,000

2. 492,000

3. 308,000

4. 452,000