Klutz Dance Studio had net income of $171,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:

Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities?

$192,400

$139,200

$98,000

$213,200

Klutz Dance Studio had net income of $171,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year: $25,000 Decrease in accounts receivable $12,000 Increase in accounts payable $94,000 Increase in retained earnings $21,000 Cash paid for purchase of new music equipment $5,200 Depreciation expense Klutz uses the indirect method to prepare its statement of cash flows. What is Klutz's net cash provided (used) by operating activities? O $192,400 O $139,200 O $98,000 O $213,200