For the Year Ending December 31,2014,Harkins Company Reports Net Income

Multiple Choice

For the year ending December 31,2014,Harkins Company reports net income of $35,000 and depreciation expense of $12,000.The income tax expense for the year ending December 31,2014 is $20,000.The following data is available:
$\begin{array}{lll}&\text { December 31, } 2013&\text { December 31, } 2014\\\text { Cash } & \$ 35,000 & \$ 16,000 \\\text { Accounts Receivable } & \$ 35,000 & \$ 45,000 \\\text { Inventories } & \$ 70,000 & \$ 100,000 \\\text { Fixed Assets } & \$ 440,000 & \$ 581,000 \\\text { Accumulated Depreciation } & \$ 120,000 & \$ 101,000 \\\text { Accounts Payable } & \$ 6,000 & \$ 74,000 \\\text { Wages Payable } & \$ 4,000 & \$ 25,000\end{array}$
What is the net cash provided by operating activities for the year ended December 31,2014? Assume the indirect method is used.

A) $5,000
B) $26,000
C) $73,000
D) $96,000