Question # 03 The following data relates to Ronaldo Inc. for last year:

Net income ............................................................ $117,000

Net increase in all current assets except cash........ $31,000

Net increase in current liabilities........................... $45,000

Dividends paid on common stock ......................... $20,000

Depreciation expense ............................................ $8,000

Gain on sale of investments .................................. $3,000

What is Ronaldos net cash provided by operating activities for last year on the statement of cash flows?