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Norbury Corporation's net income last year was $33,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected

Norbury Corporation's net income last year was $33,000. 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 $ 16,500
Inventory $ (4,200 )
Prepaid expenses $ 12,000
Accumulated depreciation $ 30,000
Liability Accounts:
Accounts payable $ 16,000
Accrued liabilities $ (8,700 )
Income taxes payable $ 3,300

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:

A) $73,600

B) $16,700

C) $49,300

D) $97,900

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