Sheridan Company recorded the following cash transactions for the year: Paid $181500 for salaries. Paid $84000 to purchase office equipment. Paid $21200 for utilities. Paid $8500 in dividends. Collected $375000 from customers. What was Sheridan's net cash provided by operating activities?
1) $172300
2) $88300
3) $193500
4) $163800