Angus Meat Corporation reported the following information for the year ended December 31:

Calculate the net cash provided (used) by operating activities using the direct method.

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Balance sheet accounts: 2021 2020 Income statement accounts: 2021 Accounts receivable $85,000 $60,000 Sales $375,000 Gain on sale of land Cost of goods sold Operating expenses Depreciation expense Income tax expense 62,000 Inventory Prepaid expenses Accounts payable Income tax payable 9,000 42,000 9,000 150,000 35,000 14,000 75,000 50,000