The following data are available for Allen Clapp Corporation.

Net income

$200,000

Depreciation expense

40,000

Dividends paid

60,000

Gain on disposal of land

10,000

Decrease in accounts receivable

20,000

Decrease in accounts payable

30,000

Net cash provided by operating activities is:

(a)$160,000.

(b)$220,000.

(c)$240,000.

(d)$280,000.