The net cash provided by operating activities in Moon company's statement of cash flows for 2004 was $154,000. For 2004, depreciation on plant assets was $60,000, amortization of patents was $10,000, and cash dividends paid on common stock was $72,000. Based only on the information given above, Moon's net income for 2004 was:
a. $154,000
b. $84,000
c. $12,000
d. $156,000