For the Year Ending December 31,2012,Magadena Company Reports Net Income

Multiple Choice

For the year ending December 31,2012,Magadena Company reports net income of $23,000 and depreciation expense of $17,000.The income tax expense for the year ending December 31,2012 is $20,000.The following data is available: What is the net cash provided(used) by operating activities for the year ended December 31,2012? Assume the indirect method is used.

A) $(20,000)
B) $23,000
C) $40,000
D) $69,000