A company's income statement showed the following: net income, $294,754; depreciation expense, $29,115; and gain on sale of plant assets, $20,204. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,177; merchandise inventory increased $19,993; prepaid expenses decreased $9,407; accounts payable increased $3,228. Calculate the net cash provided or used by operating activities.

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