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At the end of the year, Rolfes Corporation reported net income of $60,000. During the year, depreciation expense was $75,000, accounts payable increased $3,000, inventory

At the end of the year, Rolfes Corporation reported net income of $60,000. During the year, depreciation expense was $75,000, accounts payable increased $3,000, inventory decreased by $8,000 and accounts receivable increased $5,000. Therefore, based upon this information, the "net cash provided by operating activities" was

$119,000

$129,000

$141,000

$151,000

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