Assume a merchandising company reported the following income statement: Sales $300,000 Cost of goods sold 180,000 Gross margin 120,000 Selling and administrative expenses 80,000 Net income before taxes 40,000 Income tax expense 12,000 Net income $ 28,000 Selected balance sheet accounts are as follows: Beginning Balance Ending Balance Current Assets Accounts receivable $60,000 $67,000 Inventory $30,000 $28,000 Prepaid expenses $ 8,000 S 6,000 Current Liabilities Accounts payable $10,000 $13,000 Accrued liabilities $ 7,000 S 6,000 Income taxes payable $ 4,000 $ 4,000 If the company's selling and administrative expense includes $16,000 of depreciation, then what is the net cash provided by operating activities