Klutz Dance Studio had net income of $181,000 for the year just ended. Klutz collected the following additional information to prepare its statement of cash flows for the year:

Decrease in accounts receivable	$ 27,500
Increase in accounts payable	$ 14,500
Increase in retained earnings	$ 99,000
Cash paid for purchase of new music equipment	$ 23,500
Depreciation expense	$ 5,700

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

Multiple Choice

$105,500

$144,700

$210,900

$228,700