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	$	82,000
Accounts payable decreased by		33,000
Accounts receivable increased by		40,000
Inventories increased by		20,000
Depreciation expense was		60,000

Net cash provided by operating activities was:

Multiple Choice

• $75,000.

• $115,000.

• $49,000.

• $155,000.

• $82,000.