Headlands Industries completed its first year of operations on December 31, 2022. Its initial income statement showed that Headlands Industries had sales revenue of $223,146 and operating expenses of $93,541. Accounts receivable and accounts payable at year-end were $67,620 and $25,921, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Compute net cash provided (used) by operating activity using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Net cash provided (used) by operating activity

$Enter net cash provided (used) by operating activity in dollars