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Randolph Retail reported the following results during 2 0 1 7 : Category Cost Cash collected from accounts receivable $ 5 6 , 0 0

Randolph Retail reported the following results during 2017:
Category
Cost
Cash collected from accounts receivable
$56,000
Cash paid to purchase office supplies
2,000
Cash collected from customers for current period sales
98,000
Cash paid for dividends
12,000
Cash paid for inventory acquisitions
87,000
Cash collected from the issuance of common stock
50,000
Cash paid to purchase equipment with a 5-year life
80,000
How much is the companys net cash provided by operating activities?
Group of answer choices
$23,000
$103,000
$65,000
$53,000

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