In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income	$	60,500
Accounts payable decreased by		26,500
Accounts receivable increased by		33,500
Inventories increased by		13,500
Cash dividends paid		15,700
Depreciation expense		28,500

Net cash provided by operating activities was:

Multiple Choice

$52,500. $145,500. $38,500. $76,800. $15,500.

$52,500. $145,500. $38,500. $76,800. $15,500.