Norbury Corporation's net income last year was $34,000. 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	$ 12,000
Inventory	$ (9,000)
Prepaid expenses	$ 4,000
Accumulated depreciation	$ 19,000
Liability Accounts:
Accounts payable	$ 5,000
Accrued liabilities	$ 7,000
Income taxes payable	$ (6,000)

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

$52,000

$66,000

$53,000

$16,000