Chino Company reported net income of $28,000 for the current year. During the year, Inventory decreased by $8,500, Accounts Payable decreased by $8,750, Depreciation Expense was $11,500, and Accounts Receivable increased by $8,000. If the indirect method is used, what is the net cash provided by operating activities? $64,750. O $48,750. $12,000. $31, 250