Baldock Corporation's balance sheet and income statement appear below:

Cash dividends were $32. The company sold equipment for $124 that was originally purchased for $120 and that had accumulated depreciation of $120. The company uses the direct method to determine the net cash provided by operating activities. The net cash provided by (used in) operating activities for the year was:

A. $99

B. $241

C. $194

D. $226