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DC Hotels net income for the year ended December 3 1 , 2 0 2 0 , was $ 1 2 0 , 0 0

DC Hotels net income for the year ended December 31,2020, was $120,000. Additional data for the year is provided below. Purchase of property and equipment $280,000 Depreciation of property and equipment 14,000 Dividends declared 50,000 Decrease in accounts receivable 29,000 Loss on sale of equipment 13,000 Issue of common shares 10,000
Calculate the net cash provided (used) by operating activities using the indirect method.

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