Napier, Inc. reported net income of $235,000 for the year ended 12/31/15. Included in the computation of net income were: depreciation expense, $35,000; amortization expense, $20,000; income from an investment in common stock of XYZ Corp (accounted for under the equity method), $25,000; and amortization of a bond premium, $4,000. During the year Napier, Inc. paid a $50,000 dividend. The net cash provided by operating activities should be reported at

A. $159,000

B. $209,000

C. $211,000

D. $261,000