A company's income statement showed the following: net income, $130,000; depreciation expense, $38,000; and gain on sale of plant assets, $12,000. The company's current assets and current liabilities showed the following changes: accounts receivable decreased $11,000; merchandise inventory increased $26,000; prepaid expenses increased $7,800; accounts payable increased $5,000. Calculate the net cash provided or used by operating activities.

• $138,200.

• $179,800.

• $153,800.

• $158,600.

• $151,800.