Question 14 (1 point) In its first year of operations, Sweetness Co. reported net income of $158,000. Total sales (all on account) amounted to $575,000 and collections of receivables totaled $511,500. Sweetness recorded $17,000 of depreciation expense. Based on these facts alone, what is the net cash provided by operating activities? 1) $77,500 2) $94,500 3) $111,500 4) $158,000 5) $204,500