An income statement for the first year of operations for Patti Company appears below:
Sales ......... $ 390,000
Dividend revenue ..... 39,000
Interest revenue ..... 24,050
Cost of goods sold ... (208,000)
Salary expense ..... (26,000)
Depreciation expense ... (70,200)
Income tax expense .... (109,200)
Net income ....... $ 39,650

Additional information:
a. Accounts payable, end of year, $13,000.
b. Salaries payable, end of year, $8,450.
c. Inventories, end of year, $26,000.
d. Accounts receivable, end of year, $32,500.
e. Customers’ accounts with credit balances (included in item d), end of year, $2,600.

Required:
Use the direct approach to calculate the cash provided (used) by operating activities for Patti Company.