The balance sheet data of Corinne Company at the end of 2023 and 2022 follow:

	2023	2022
Cash	$50	$70
Accounts receivable (net)	320	270
Buildings and equipment	200	150
Accumulated depreciation - buildings and equipment	(36)	(16)
Land	180	80
Totals	$714	$554
Accounts payable	$180	$146
Notes payable - bank, long-term	0	80
Mortgage payable	60	0
Common stock, $10 par	418	318
Retained earnings	56	10
Totals	$714	$554

Land worth $100 was acquired in exchange for common stock, par $100, during the year; all equipment purchased was with cash. Equipment costing $10 was sold for $12; book value of the equipment was $8. Cash dividends of $20 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account.

In the statement of cash flows for the year ended December 31, 2023, the net cash provided (used) by operating activities was:

a.$68

b.$2

c.$66

d.$(36)

e.$(48)