The comparative balance sheets for Chas Company show these changes in noncash current accounts: Accounts Receivable increased $35,500, Prepaid Expenses decreased $12,800, and Inventory decreased $22,500. Accounts Payable increased $16,000. Calculate net cash provided by operating activities using the indirect method assuming that profit is $300,000 for the year ended June 30, 2017. Depreciation expense for the year was $32,000 and the company incurred a gain on sale of equipment of $25,000.