The balance sheet data of Kohler Company at the end of 2021 and 2020 follow:

2021

2022

Cash

$100,000

$140,000

Accounts receivable (net)

240,000

180,000

Inventory

280,000

180,000

Prepaid expenses

40,000

100,000

Buildings and equipment

360,000

300,000

Accumulated depreciation - buildings and equipment

(72,000)

(32,000)

Land

360,000

160,000

Totals

$1,308,000

$1,028,000

Accounts payable

$272,000

$220,000

Accrued expenses

48,000

72,000

Notes payable - bank, long-term

160,000

Mortgage payable

120,000

Common stock, $10 par

836,000

636,000

Retained earnings (deficit)

32,000

60,000

$1,308,000

$1,028,000

Land was acquired for $200,000 in exchange for common stock, par $200,000, during the year; all equipment purchased was for cash. Equipment costing $20,000 was sold for $8,000; book value of the equipment was $16,000 and the loss was reported as an ordinary item in net income. Cash dividends of $30,000 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, 2021, for Kohler Company:

The net cash provided by operating activities was

$94,000.$122,000.$102,000.$86,000.