Joy Elles Vegetable Market had the following transactions during 2007:

1. Issued $20,000 of par value common stock for cash.

2. Recorded and paid wages expense of $90,000.

3. Acquired land by issuing common stock of par value $50,000.

4. Declared and paid a cash dividend of $1,000.

5. Sold a long-term investment (cost $3,000) for cash of $3,000.

6. Recorded cash sales of $120,000.

7. Bought inventory for cash of $2,000.

8. Acquired an investment in IBM stock for cash of $6,000.

9. Converted bonds payable to common stock in the amount of $10,000.

10. Repaid a 6 year note payable in the amount of $10,000.

What is the net cash provided by operating activities?

	A.	$20,000.
	B.	$28,000.
	C.	$8,000.
	D.	$10,000.