Majorn Auto Parts Store had net income of $88,000 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	$116,000
Decrease in inventory	$25,000
Decrease in accounts payable	$42,000
Increase in retained earnings	$36,000
Cash received from sale of building	$222,000
Gain on sale of building	$54,000
Depreciation expense	$39,000

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

$48,000

$(60,000)

$206,000

$300,000