In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: Net income for the year was $ 73,000
Accounts payable increased by 20,100
Accounts receivable decreased by 27,100
Inventories increased by 9,200
Depreciation expense was 36,300
Net cash provided by operating activities was:
a. $93,100.
b. $147,300.
c. $165,700.
d. $74,700.
e. $111,500.