Rowan, Inc

Rowan, Inc.'s, income statement is shown below. Based on this income statement and the other information provided, calculate the net cash provided by operations using the indirect method.
Rowan, Inc.
Income Statement
For Year Ended December 31, 20X1
$$\begin{array} { l | r | r } \hline \text { Sales } & & \$ 248,000 \\\hline \text { Cost of goods sold } & & 116,000 \\\hline \text { Grost profit } & & \$ 132,000 \\\hline \text { Operating expenses } & & \\\hline \text { Wages and salaries expense } & \$ 44,000 & \\\hline \text { Rent expense } & 16,000 & \\\hline \text { Depreciation expense } & 30,000 & \\\hline \text { Other operating expenses } & 18,000 & \underline { 108,000 } \\\hline \text { Income from operations } & & \$ 24,000 \\\hline \text { Gain on sale of equipment } & & \$ 26,000 \\\hline \text { Income before income taxes } & & \$ 50,000 \\\hline \text { Income taxes expense } & & \$ 17,500 \\\hline \text { Net income } & & \$ 32,500 \\\hline\end{array}$$
$\begin{array}{l}\text { Additional information: }\\\begin{array} { l | r } \text { Increase in accounts receivable } & \$ 4,000 \\\hline \text { Increase in accounts payable } & 16,000 \\\hline \text { Increase in income taxes payable } & 300 \\\hline \text { Decrease in prepaid expenses } & 10,000 \\\hline \text { Decrease in merchandise inventory } & 14,000 \\\hline \text { Decrease in long-term notes payable } & 20,000\end{array}\end{array}$