Macgregor Company completed its first year of operations on December 31, 2017. Its initial income statement showed that Macgregor had revenues of $193,500 and operating expenses of $88,000. Accounts receivable and accounts payable at year-end were $67,100 and $29,000, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method.

Macgregor Company completed its first year of operations on December 31, 2017. Its initial income statement showed that Macgregor had revenues of $193,500 and operating expenses of $88,000. Accounts receivable and accounts payable at year-end were $67,100 and $29,000, respectively. Assume that accounts payable related to operating expenses. Ignore income taxes. Compute net cash provided by operating activities using the direct method. Net cash provided by operating activities