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

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The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability accounts at March 31 : Cullamber's statement of income reported the following selected information for the year ended March 31, 2024: sales were $880,000, cost of goods sold was $470,000, other operating expenses were $227,000 (which included depreciation expense of $20,000 ) sataries expense was $52,500, and income tax expense was $15,000, Calculate net cash provided (used) by operating activities using the direct method. Cullumber's statement of income reported the following selected information for the year ended March 31, 2024: sales were $880,000, cost of goods sold was $470,000, other operating expenses were $227,000 (which included depreciation expense of $20,000 ), salaries expense was $52,500, and income tax expense was $15,000. Calculate net cash provided (used) by operating activities using the direct method

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