A company's income statement showed the following: net income, $129,000; depreciation expense, $37,500; and gain on sale of plant assets, $11,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,900; merchandise inventory increased $25,500; prepaid expenses increased $7,700; accounts payable increased $4,900. Calculate the net cash provided or used by operating activities.

Multiple Choice

• $179,000.

• $157,800.

• $151,000.

• $153,000.

• $137,600.