In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $ 59,500 Accounts payable decreased by 25,500 Accounts receivable increased by 32,500 Inventories increased by 12,500 Cash dividends paid were 15,500 Depreciation expense was 27,500

Net cash provided by operating activities was:

$16,500.

$76,000.

$142,500.

$51,500.

$37,500.