Consider the Following: •Net Income, $380,000

Consider the following:
•Net income, $380,000
•Depreciation Expense $44,000
•Increase in accounts receivable, $16,000
•Decrease in merchandise inventory, $80,000
•Decrease in accounts payable, $32,000
•Increase in income taxes payable, $12,000
Using the Indirect Method, the Net Cash provided by Operating Activities was:

A) $336,000
B) $424,000
C) $404,000
D) $468,000