A company's income statement showed the following: net income, $131,000; depreciation expense, $33,500; and gain on sale of plant assets, $7,500. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $10,100; merchandise inventory increased $21,500; prepaid expenses increased $6,900; accounts payable increased $4,100. Calculate the net cash provided or used by operating activities.

a. $142,800.

b. $146,600.

c. $172,600.

d. $151,400.

e. $144,600.