Norbury Corporation's net income last year was $29,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below:

	Increases (Decreases)
Asset and Contra-Asset Accounts:
Accounts receivable	$	19,000
Inventory	$	(4,700	)
Prepaid expenses	$	14,500
Accumulated depreciation	$	35,000
Liability Accounts:
Accounts payable	$	18,500
Accrued liabilities	$	(9,200	)
Income taxes payable	$	3,800

Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:

Multiple Choice

• $9,700

• $48,300

• $86,100

• $105,900