The following information belongs to Noor Merchandising Company:Net income: $25,000, Depreciation expenses: $2,000, Loss on sale of equipment: $100, Proceeds from sale of equipment: $500, Increase in accounts receivable: $1,000, Increase in accounts payable: $2,000, Decrease in inventory: $400, Based on the above information, the net cash provided by operating activities is:

Select one:

a. 27,500

b. $29,000

c. $28,500

d. 24,300