The following information has been provided to you by RKJ Company:

Net income	$312,000
Decrease in accounts payable	$118,800
Increase in inventory	$ 28,000
Increase in accounts receivable	$ 27,600
Decrease in bonds payable	$ 27,400
Loss on sale of a depreciable asset	$ 20,200
Depreciation expense	$ 46,000
Decrease in income taxes payable	$ 14,400

Using the indirect method, what is the net cash provided by operating activities?

$204,800.

$189,400.

$169,200.

$232,200.