Alpha Company reported net income of $340,000 for the current year. Included in the computation of net income were: Depreciation expense $60,000 Amortization of a patent 32,000 Income from an equity-method investment 48,000 Amortization of a bond discount 12,000 Paid a dividend on preferred stock 80,000 What is the amount of net cash provided by operating activities that would be reported as a result of these transactions?

$420,000

$396,000

$372,000

$316,000