Using the indirect method, determine the cash provided by operating activities for the year.

Net Cash Provided by Operating Activities (Indirect Method) For the year ended December 31, 2002, Strident Company, an office equipment wholesaler, reported a net income of $84,000. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: The Deferred Income Taxes Liability account on the balance sheet increased by $6,000 during the year, and depreciation charges were $50,000 during the year. Required: Using the indirect method, determine the cash provided by operating activities for the year