Christchurch Motors Pty Ltd completed its first year of operations on 30 June 2015. Its statement of profit or loss showed that the business had revenues of $170 000 and operating expenses of $80 000 including Bad Debts Expense of $1000. Accounts Receivable and Accounts Payable at year-end were $43 000 and $33 000, respectively. Assume that accounts payable related to operating expenses. Ignore income tax. The Allowance for Doubtful Debts is $1000. There has been no direct write-off of accounts receivable. 

Required

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