The data given below are from the accounting records of Kain Company:

Net Income	$40,000
Depreciation expense	8,000
Decrease in accounts payable	1,800
Decrease in merchandise inventory	2,500
Increase in long-term liabilities	10,000
Increase in common stock	25,000
Increase in accounts receivable	4,000

Based on this information, the net cash flows from operating activities on the statement of cash flows using the indirect method would be

a.$44,700.

b.$50,000.

c.$42,100.

d.$51,300.