The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability accounts at March 31: 2024 2023 Accounts receivable $68,000 $42,500 Inventory 70,000 61,500 Accounts payable 35,000 48,000 Dividends payable 1,100 2,300 Cullumber's statement of income reported the following selected information for the year ended March 31, 2024: net income was $270,000, depreciation expense was $64,000, and a loss on the disposal of land was $14,000. Cullumber 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).) CULLUMBER CORPORATION Statement of Cash Flows (Partial) Adjustments to reconcile net income to > > > 69 60