Silky Hair Salon had net income of $93,000 for the year just ended. Silky collected the following additional information to prepare its statement of cash flows for the year:

Increase in accounts receivable $10,000

Decrease in accounts payable $2,000

Increase in retained earnings $31,000

Cash received from sale of equipment

$18,000 Loss on sale of equipment

$5,000 Depreciation expense

$16,000

Silky uses the indirect method to prepare its statement of cash flows. What is Silkys net cash provided (used) by operating activities? A) $92,000 B) $102,000 C) $120,000 D) $126,000