Assume a companys net cash provided by operating activities is $86,000. It provided the following excerpts from its balance sheet:

	This Year	Last Year
Current assets:
Accounts receivable	$ 40,000	$ 46,000
Inventory	$ 53,000	$ 50,000
Prepaid expenses	$ 13,000	$ 11,000
Current liabilities:
Accounts payable	$ 38,000	$ 44,000
Accrued liabilities	$ 18,000	$ 15,000
Income taxes payable	$ 13,000	$ 10,000

Also assume the company incurred a loss on the sale of equipment of $4,000 and the credits to its accumulated depreciation account are $22,000. Based solely on the information provided, the companys net income would be:

Multiple Choice

$59,000.

$57,000.

$55,000.

$53,000.