Majorn Auto Parts Store had net income of $87,000 for the year just ended. Majorn collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable	$114,000
Decrease in inventory	$24,000
Decrease in accounts payable	$41,000
Increase in retained earnings	$35,000
Cash received from sale of building	$221,000
Gain on sale of building	$53,000
Depreciation expense	$38,000

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

$47,000

$203,000

$(59,000)

$297,000