Final answer:
The net cash provided by operating activities is $96,000.
Step-by-step explanation:
The net cash provided by operating activities can be calculated using the indirect method by adjusting the net income for non-cash items and changes in working capital.
Step 1: Start with the net income of $52,000.
Step 2: Add back depreciation expense of $30,000 since it is a non-cash expense.
Step 3: Adjust for changes in working capital:
- Subtract the increase in accounts payable of $8,000.
- Add the decrease in accounts receivable of $17,000.
- Add the increase in inventories of $5,000.
Net cash provided by operating activities = Net income + Depreciation expense + Changes in working capital = $52,000 + $30,000 - $8,000 + $17,000 + $5,000 = $96,000.