TC Hotel's net income for the year ended September 30, 2020 was $145,000. Additional data for the year is provided below. Purchase of property and equipment $297,000 Depreciation of property and equipment $18,800 Dividends declared $60,000 Decrease in accounts receivable $28,000 $16,000 $18,800 Calculate the net cash provided (used) by operating activities using the indirect method. Loss on sale of equipment Issue of common shares