Based solely on this information, the net cash provided by operations under the indirect method on...

Norman Company\"s net income last year was $26,000. Changes in selected balance sheet accounts for the year appear below:

	Increases
	(Decreases)
Debit balances:
Accounts receivable	$8,000
Inventory	$12,000
Prepaid expenses	$(6,000)
Credit balances:
Accumulated depreciation	$24,000
Accounts payable	$(15,000)
Accrued liabilities	$9,000
Taxes payable	$0
Deferred taxes	$5,000

 

Based solely on this information, the net cash provided by operations under the indirect method on the statement of cash flows would be:

A) $50,000

B) $35,000

C) $17,000

D) $63,000