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: 1.
$$\begin{array} { | l | r | } \hline \text { Net income for the year was } & \$ 52,000 \\\hline \text { Accounts payable decreased by } & \$ 18,000 \\\hline \text { Accounts receivable increased by } & \$ 25,000 \\\hline \text { Inventories increased by } & \$ 5,000 \\\hline \text { Cash dividends paid were } & \$ 14,000 \\\hline \text { Depreciation expensewas } & \$ 20,000\\\hline\end{array}$$ Net cash provided by operating activities was:

A) $120,000.
B) $71,000.
C) $70,000.
D) $24,000.
E) $110,000