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 $52,000
Accounts payable increased by 18,000
Accounts receivable decreased by 25,000
Inventories decreased by 5,000
Cash dividends paid were 14,000
Depreciation expense was 20,000

Net cash provided by operating activities was:
(A) $120,000.
(B) $71,000.
(C) $70,000.
(D) $24,000.
(E) $110,000.