23

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available:

Net income for the year was	$74,000
Accounts payable increased by	$20,200
Accounts receivable decreased by	$27,200
Inventories increased by	$9,400
Depreciation expense was	$36,600

Net cash provided by operating activities was:

$148,600.

$75,400.

$94,200.

$113,000.

$167,400.