Noah Corporation determines operating cash flows by the indirect method. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Noah's net cash provided by operating activities during 2017 was O A. $53,500 OB. $66,000 O C. $59,000 OD. $3,000 i Income statement Noah Corporation Income Statement for Year Ended December 31, 2017 Sales revenue ............... $ 195,000 10,000 $ 205,000 Gain on sale of equipment...... Cost of goods sold ........... Depreciation ............... 119,000 8,500 24,000 Other operating expenses ..... 151,500 53,500 $ Net income A Balance sheet Noah Corporation Comparative Balance Sheet as at December 31, 2017 and 2016 Liabilities and Assets 2017 2016 Shareholders' Equity Cash .................. $ 4,500 $ 1,500 Accounts payable ........$ Accounts receivable ...... 12,000 18,000 Accrued liabilities ......... Inventory 11,000 10,000 Common shares ......... Plant and equipment, net ... - 107,000 74,000 Retained earnings ........ $ 134,500 $ 103,500 $ 2016 8,000 3,000 2017 7,000 $ 6,000 32,000 89,500 134,500 $ 16,000 76,500 103,500