XYZ Company reported net income of $200,000 for the year. During the year, accounts receivable decreased by $10,000, inventory increased by $8,000, accounts payable increased by $6,000, depreciation expense of $10,000 was recorded, and land was purchased for $150,000 in cash. Net cash provided by operating activities for the year is: 1) $218,000 2) $68,000 3) $214,000 4) $202,000 5) None of the above