The following took place during the year: Decrease in accounts receivable $4,000; Deprecation expense $50,000; Gain on sale of investments $1,000; Increase in accounts payable $2,000; Net income $100,000; Payment of principal on long-term note payable $10,000; and cash received from sale of equipment $7,000.

Using this information, what is the cash provided (used) by operating activities using the indirect method?

A. None of the answers are correct.

B. $145,000

C. $152,000

D. $155,000

E. $156,000