R. L. Stein Company has just completed its first year of operations on December 31, 2006. Its initial income statement showed that R. L. Stein had revenues of $137,000 and operating expenses of $81,000. Accounts receivable at year-end were $42,000. Accounts payable at year-end were $37,000. Assume that accounts payable related to operating expenses. Ignore income taxes.

Instructions Compute net cash provided by operating activities using the direct method.