Consider the following:

	Net income, $380,000
	Depreciation Expense $44,000
	Increase in accounts receivable, $16,000
	Decrease in merchandise inventory, $80,000
	Decrease in accounts payable, $32,000
	Increase in income taxes payable, $12,000

Using the Indirect Method, the Net Cash provided by Operating Activities was:

Select one:

A. $336,000

B. $468,000

C. $404,000

D. $424,000