Queen Anne's Revenge's income statement showed the following: net income, $34,300 and depreciation expense, $36,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $2,500; merchandise inventory increased $1,000; and accounts payable increased $2,200. Calculate the net cash provided or used by operating activities.

		$36,300.
		$34,300.
		$31,300.
		$43,700.
		$41,300.