A company's income statement showed the following: net income, $154,400; depreciation expense, $37,200, and gain on sale of plant assets, $17,600. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $11,800; merchandise inventory increased $22,800; prepaid expenses decreased $8,600; accounts payable increased $5,000. Calculate the net cash provided or used by operating activities.

$8,600

$176,600

$182,200

$174,800

$206,600