Kahn Company is a merchandiser that reported net income of $74,000. Additional information follows:
| Decrease in accounts receivable |
$2,000 |
| Increase in prepaid expenses |
$3,500 |
| Depreciation expense |
$7,500 |
| Increase in accounts payable |
$4,600 |
| Decrease in taxes payable |
$4,000 |
| Dividends paid to common stockholders |
$15,000 |
Based on this information, under the indirect method the cash provided by operating activities on the statement of cash flows would be: