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 $56,000 Accounts payable decreased by 20,000 Accounts receivable increased 27,000 by Inventories increased by Depreciation expense was 7,000 34,000 Net cash provided by operating activities was: Multiple Choice $56,000. $76,000. $36,000. $90,000 $62,000