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	$ 52,500
Accounts payable decreased by	18,500
Accounts receivable increased by	25,500
Inventories increased by	5,500
Cash dividends paid were	14,100
Depreciation expense was	20,500

Net cash provided by operating activities was:

$70,400.

$23,500.

$30,500.

$44,500.

$121,500.