The current year income statement along with changes in selected balance sheet accounts follow. Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense Depreciation expense Amortization expense. Gain on sale of equipment Income before taxes Income taxes expense Net Income Increase in income taxes payable Decrease in salaries payable $78,500 30,500 12,500 Decrease in inventory Decrease in long-term notes payable $ 250,000 116,500 $ 133,500 Selected Balance Sheet Data at Year-End Increase in accounts receivable Increase in accounts payable (all accounts payable transactions. are for inventory) 121,500 $ 12,000 26,500 $ 38,500 13,400 $ 25,100 $ 4,100 16,100 310 10,100 14,100 20,100 Calculate the net cash provided or used by operating activities using the direct method. Note: Amounts to be deducted should be indicated with a minus sign. Net Cash from Operating Activities For Year Ended December 31