Milo Corp. began operations during the current year. The following is Milo's balance sheet at December $31$st:

Cash $ $32,000$

Accounts receivable $28,000$

Prepaid insurance $5,000$

Property, plant and equipment, net $85,000$

Total assets $ $150,000$

Accounts payable $ $20,000$

Common stock $66,000$

Retained earnings $64,000$

Total liabilities and stockholders' equity $ $157,000$

Milo's net income for the current year was $$120,000$ which included a gain on sale of equipment of $$6,000$ and depreciation expense of $$10,000.$ What amount should Milo report as "cash provided by operating activities" in its statement of cash flows for the current year under US GAAP?

Question $3$ options:

$103,000$

$111,000$

$91,000$

$123,000$

$137,000$