In Preparing a Company's Statement of Cash Flows for the Most

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information is available: $\begin{array}{lr}\text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable increased by } & 18,000 \\\hline \text { Accounts receivable decreased by } & 25,000 \\\hline\text { Inventories decreased by } & 5,000 \\\hline \text { Cash dividends paid were } & 14,000 \\\hline \text { Depreciation expense was } & 20,000\end{array}$
Net cash provided by operating activities was:
A) $\$ 120,000$ .
B) $\$ 110,000$ .
C) $\$ 71,000$ .
D) $\$ 70,000$ .
E) $\$ 24,000$ .