Using the indirect method, calculate the amount of cash flows provided $($used$)$ by operating activities from the following data:

$......$ Net income.................................................................... $$261,333$

$......$ Beginning accounts receivable..................................... $36,000$

$......$ Ending accounts receivable.......................................... $28,667$

$......$ Beginning prepaid expenses........................................ $5,500$

$......$ Ending prepaid expenses............................................. $1,500$

$......$ Beginning accounts payable......................................... $18,000$

$......$ Ending accounts payable.............................................. $11,500$

$......$ Depreciation expense................................................... $31,000$