Balgoa Company, a medium-sized entity, began its operations during the current year. The following is Balgoa's balance sheet at December 31: Assets Cash P192,000 Accounts Receivable 82,000 Total Assets P274,000 Liabilities and Shareholders' Equity Accounts Payable P 24,000 Ordinary Shares 200,000 Retained Earnings 50,000 Total Liabilities and Shareholders' Equity P274,000 Balgoa's net income for the current year was P78,000, and dividends of P28,000 were declared and paid. Ordinary shares was issued for P200,000. What amount should Balgoa report as cash provided by operating activities in its statement of cash flows for the current year? 172,000 20,000 50,000 0