Noah Inc, a Service Organization, Reports the Following for Calendar 2020

Noah Inc., a service organization, reports the following for calendar 2020: $\begin{array}{ll} \text{Service revenue.................................................................................. } & \text{\$525,000 \quad } \\\text{Cash received from customers .........................................................} & \text{\$450,000 \quad } \\\text{Interest payments (on long-term debt) ................................................} & \text{\$12,000 \quad } \\\text{Salar ies and wages paid to employees...................................................} & \text{\$157,000 \quad } \\\text{Purchase of new equipment for cash..............................................} & \text{\$240,000 \quad } \\\text{Cash dividends paid.......................................................................} & \text{\$30,000 \quad } \\\text{Payments for office rental \& general expenses.................................} & \text{\$210,000 \quad } \\\text{Income taxes paid ...........................................................................} & \text{\$22,500 \quad } \\\text{Net incom........................................................................................} & \text{\$67,500 \quad } \\\end{array}$


Noah adheres to ASPE. Based on the above information, and using the direct method, the cash provided by (used in) operating activities to be reported on Noah's 2020 statement of cash flows is

A) $ 48,000.
B) $ 60,000.
C) $ 105,000.
D) $ (135,000) .