TC Hotel's net income for the year ended June 30, 2020 was $106,000. Additional data for the year is provided below.

Purchase of property and equipment $284,000

Depreciation of property and equipment $14,300

Dividends declared $54,000

Increase in accounts receivable $27,000

Loss on sale of equipment $19,000

Issue of common shares $15,400

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