Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Harlan Mining Co. for 2019 and 2018 are provided below. BALANCE SHEETS 12/31/2019 12/31/2018 Cash $408,000 $192,000 Accounts receivable 360,000 216,000 Inventory 384,000 480,000 Property, plant and equipment $608,000 $960,000 Less accumulated depreciation -320,000 288,000 -304,000 656,000 $1,440,000 $1,544,000 Accounts payable $176,000 $96,000 Income taxes payable 352,000 392,000 Bonds payable 360,000 600,000 Common stock 216,000 216,000 Retained earnings 336,000 240,000 $1,440,000 $1,544,000 INCOME STATEMENT For the Year Ended December 31, 2019 Sales revenue $8,400,000 Cost of sales 7,152,000 Gross profit 1,248,000 Selling expenses $600,000 Administrative expenses 192,000 792,000 Income from operations 456,000 Other losses 72,000 Income before taxes 384,000 Income taxes 96,000 Net income $288,000 The following additional data were provided: 1 Dividends for the year 2019 were $192,000. 2 During the year, equipment was sold for $240,000. This equipment cost $352,000 originally and had a book value of $288,000 at the time of sale. 3 Depreciation expense, $80,000, is in the selling expense category. Questions relate to a statement of cash flows (indirect method) for the year ended December 31st, 2019, for Harlan Mining Company. Calculate net cash provided by operating activities using EITHER the direct method OR the indirect method.