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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 | $ | 59,000 | |
| Accounts payable increased by | | 25,000 | |
| Accounts receivable decreased by | | 39,000 | |
| Inventories decreased by | | 12,000 | |
| Cash dividends paid were | | 21,000 | |
| Depreciation expense was | | 34,000 | |
| |
Net cash provided by operating activities was:
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