The comparative statement of financial position for Blossom Corporation shows the following noncash current asset and liability accounts at March 31:

		2018		2017
Accounts receivable		$60,000		$40,000
Inventory		70,000		60,000
Accounts payable		25,000		40,000
Dividends payable		1,000		2,000

Blossoms income statement reported the following selected information for the year ended March 31, 2018: net income was $270,000, depreciation expense was $60,000, and a loss on the disposal of land was $10,000. Blossom uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

BLOSSOM CORPORATION Statement of Cash Flows (Partial)-Indirect Method Operating activities Adjustments to reconcile net income to $