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	$	73,000
Accounts payable increased by		20,100
Accounts receivable decreased by		27,100
Inventories increased by		9,200
Depreciation expense was		36,300

Net cash provided by operating activities was:

• $93,100.

• $147,300.

• $165,700.

• $74,700.

• $111,500.