Manoharan Ltd. reported the following information in its balance sheet and income statement for the year ended March 31, 2014: 

Calculate the net cash provided (used) by operating activities using the indirect method?

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2014 2013 Accounts receivable 60,000 40,000 63,000 4,000 Inventory Prepaid expenses Accounts payable Income tax payable Depreciation expense Gain on sale of equipment 70,000 6,000 40,000 35,000 16,000 10,000 50,000 45,200 Profit 330,000