URGENT

Under the indirect method, the net cash provided by operating activities was $92,000. Accounts receivable increased $4,000, merchandise inventory decreased $10,000, accounts payable decreased $8,000, income taxes payable increased $3,000. No other items except depreciation were adjustments to reconcile net income of $80,000 to net cash provided by operating activities. What was the amount of the depreciation expense?

$31,000

$3,000

$17,000

$11,000