TC Hotel's net income for the year ended August $31,2020$ was $$124,000.$ Additional data for the year is provided below.

Purchase of property and equipment $$251,000$

Depreciation of property and equipment $$19,200$

Dividends declared $$44,000$

Increase in food inventory $$25,000$

Loss on sale of equipment $$20,000$

Issue of common shares $$18,700$

Calculate the net cash provided $($used$)$ by operating activities using the indirect method.