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In 2016, Matt Corporation borrowed (long-term) $80,000, paid dividends of $32,000, issued 5,000 shares of stock for $30 per share, purchased land for $25,000, and received dividends of $8,000. Net income was $80,000, and depreciation for the year totaled $14,000. Accounts receivable increased by $7,000. How much should be reported as net cash provided by operating activities by the indirect method? A. $87,000 O B. $275,000 O C. $94,000 OD. $70,000