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 $52,000 Accounts payable decreased $18,000 $ Accounts receivable increased $25.000 Inventories increased by $5,000 Depreciation expense was $20,000 Net cash provided by operating activities was: $24,000 $71.000 $120,000 $70,000 Previous MacBook Air