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	$	65,000
Accounts payable increased by		31,000
Accounts receivable decreased by		51,000
Inventories decreased by		18,000
Cash dividends paid were		27,000
Depreciation expense was		46,000

Net cash provided by operating activities was:

Multiple Choice

• $96,000.

• $175,000.

• $50,000.

• $97,000.

• $211,000.