Majorn Auto Parts Store had net income of $90,000 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	$120,000
Decrease in inventory	$27,000
Decrease in accounts payable	$44,000
Increase in retained earnings	$38,000
Cash received from sale of building	$224,000
Gain on sale of building	$56,000
Depreciation expense	$41,000

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

$(62,000)

$50,000

$306,000

$212,000