Use the Following Information and the Indirect Method to Calculate

Multiple Choice

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
$\begin{array}{|l|r|}\hline \text { Cash paid for purchase of plant assets } & \$ 15,000 \\\hline \text { Decrease in interest payable } & 2,000 \\\hline \text { Depreciation expense } & 30,000 \\\hline \text { Gain on retirement of bonds } & 32,000 \\\hline \text { Increase in accounts receivable } & 40,000 \\\hline \text { Loss on sale of plant assets } & 5,000 \\\hline \text { Net Income } & 76,000\\\hline\end{array}$

A) $22,000
B) $117,000
C) $69,000
D) $37,000
E) $91,000