Rowan, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method. Rowan, Inc. Income Statement For Year Ended December 31, 2015.
 

Sales $248,000 Cost of goods sold Gross profit Operating expenses Wages and salaries expense Rent expense 116,000 $132,000 $ 44,000 16,000 30,000 Depreciation expense Other operating expenses Income from operations Gain on sale of equipment 18,000 108,000 $ 24,000 26,000 $ 50,000 Income before income taxes Income taxes expense 17,500 Net income $ 32,500