Assume a merchandising company reported the following income statement: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income before taxes Income tax expense Net income Selected balance sheet accounts are as follows: $ 300,000 180,000 120,000 80,000 40,000 12,000 $ 28,000 Current Assets Accounts receivable Inventory Prepaid expenses Current Liabilities Accounts payable Accrued liabilities Beginning Balance $ 60,000 $ 30,000 $ 8,000 Ending Balance $ 63,600 $ 28,000 $ 6,000 $ 10,000 $ 13,000 $ 7,000 $ 6,000 $ 4,000 $ 4,000 Income taxes payable If the company's selling and administrative expense includes $16,000 of depreciation, then what is the net cash provided by operating activities